Aug 13, 2014 #1 Z Zoaty Expert 85 Do different agencies, brokerages, and insurers usually require different amounts of E&O for their producers? Is it usually ok to purchase the E&O on your own, or do you usually have to do it through a brokerage that hires you as a producer? Thanks!
Do different agencies, brokerages, and insurers usually require different amounts of E&O for their producers? Is it usually ok to purchase the E&O on your own, or do you usually have to do it through a brokerage that hires you as a producer? Thanks!
Aug 13, 2014 #2 DHK RFC®, ChFC®, CLU® 5000 Post Club 11,251 Southern California I buy my E&O on my own. Unless you're in a captive type of situation, it isn't a problem to be appointed as long as you have at least $1m coverage. The only time I was told I had to buy a specific company's E&O was as a captive agent... and when I was considering joining an RIA.
I buy my E&O on my own. Unless you're in a captive type of situation, it isn't a problem to be appointed as long as you have at least $1m coverage. The only time I was told I had to buy a specific company's E&O was as a captive agent... and when I was considering joining an RIA.