Is E&O Insurance Enough?

[Freddie]

I only have E&0 but deep down do I think it's enough, .. No. If you are going to encorporate do an LLC but you basically will need a full time accountant to do your taxes and all the associated paperwork or it's a real nightmare for most people that hate all the details.

Get started and when commissions reach $75,000 and growing, switch over...

Good luck.

It's ashame we all live in a society where we constantly worry about being sued. Why don't we work to change this.

Anyone know if having an umbrealla policy on your house could be added back up above and beyond E&O?

I think an LLC or corp would also help.

 

[ehannigan]

We usually recommend that agents also carry $500K - 1 million in liability insurance on top of E&O. Depends on whether or not you meet face-to-face or sell entirely over the phone.

 

[Benefits Man]

i use aon....

 

[PT202]

I keep an umbrella on top of my bop and e&o - makes me sleep better.

 

[BNTRS]

Talk to an attorney about an LLC