New Agent Here, Question About E&O

[Guest]

Do you have to purchase two policies one to cover life and health and one to cover p&c?

 

[lqdirect01]

No you don't, see Errors and Omissions Insurance for Life and Health Agents | EOforLess.com It includes both

 

[Guest]

Sorry what I meant to say was is there a E&O policy that covers both P&C and life and health?

Thanks..

 

[nightmareonelmst]

napa!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[fcorcoran]

Im new to the insurance industry. I am paying 150/mo for E/O insurance. Is that pretty much the going rate?

 

[csteffel]

$150 a month for a new agent is a pretty good deal for a new agent. I would expect that it is from a reputable company. When I first got started in the business I found a "great deal" for $500 per year and then found out the company was a total scam! Make sure you have an actual insurance policy and not just "coverage".

 

[Phillyinsuranceguy17]

E+O for less. If you sell annuities as well they are a little more expensive but I've been using them for years.

 

[vluna]

Great place for E&O is Napa-benefits.org. you can make monthly payments.

 

[Norwayguy]

Im new to the insurance industry. I am paying 150/mo for E/O insurance. Is that pretty much the going rate?

Specifics please, are we speaking of Life & Health, does it cover annuities as well and how about securities sales or are we speaking of P&C.

Personally it sounds like the price a Broker/ Dealer would charge.

 

[willing]

After purchasing your original policy for however long, why don't you purchase a policy from yourself using your own carrier(s)? Of course you would have to be selling P&C and not just Life&Health.