Hiring IC Producers, E&O help

Discussion in 'E&O - Errors and Omissions for Insurance Agents' started by michaelhammer, Jan 26, 2017.

  1. michaelhammer
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    michaelhammer New Member

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    I recently left Farmers Insurance and opened up an Independent Agency.

    I have managed to recruit 2 producers to join my team, they will be hired as independent contractors.

    After speaking with an E&O company I was told that I still need to add the producers under my E&O and since they are representing my agency I held liable if they have an E&O claim.

    Is there any way around this? If they get their own E&O policy will that prevent my policy from getting a claim?
     

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