No E&O, what can I sell?
- Thread starter wildfire
- Start date
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Guest
Guest
At least there's the lemon law.
- 14,808
lemon law doesn't apply to used cars - only new
Would you go see a doctor without medical malpractice?
Let me take that back. If you want to sell insurance w/out e&o, I guess you would.
Let me take that back. If you want to sell insurance w/out e&o, I guess you would.
- 9,744
The bottom line is this...if you're so broke that you can't afford a $40/month E&O premium, prospects for success in this business are thin...at best.
- 7,790
I was under the impression that Assurant requires E&O coverage to sekk their products.
- 1,908
Now that you've heard from all the "know it all, blow hards", let me tell you that you can sell insurance, with some companies, and not carry E&O. For those that are telling you...
"you should be selling cars"
or
"it's only $450"
probably have never been in your shoes, and had to deal with this. It's the same response I get when I tell someone that there are some attendees of my Job Seekers Group that have been out of work for over a year. The response is, "Well, aren't they looking?"
My advice. Call around. See who requires it, and who doesn't. Start selling with those that don't, then pick up those that do.
This Company offers E&O if you contract through them for the lines you want to sell. Their in Georgia, but they work with out of state reps as well.
Good luck.
You'll be fine.
"you should be selling cars"
or
"it's only $450"
probably have never been in your shoes, and had to deal with this. It's the same response I get when I tell someone that there are some attendees of my Job Seekers Group that have been out of work for over a year. The response is, "Well, aren't they looking?"
My advice. Call around. See who requires it, and who doesn't. Start selling with those that don't, then pick up those that do.
This Company offers E&O if you contract through them for the lines you want to sell. Their in Georgia, but they work with out of state reps as well.
Good luck.
You'll be fine.
- 3,384
Maybe in GA, this agent is in California. None of the reputable carriers in CA will allow contracting to sell without E&O coverage. As I pointed out above, Assurant is a joke carrier out here and UHC has their head firmly up their butt in CA. This ain't GA, things are a LITTLE different out here. And yes we have lots more lawyers in CA too, many in LA looking to make a buck where they can.
You are right, no other agent has ever had to purchase E&O coverage or started out with no commission income coming in calling the carrier to find out how much this month's check will be or anything like that.
I'll make it easier since I am in CA and know the market just a bit better than you do:
Blue Cross (Anthem) requires it
Blue Shield CA requires it
Health Net requires it
Aetna requires it
Kaiser requires it on small group since you can't sell their IFP out here
Who else you gonna call? That is all of the other carriers in CA in IFP besides the two already mentioned.
Not listed on the CA DOI website as authorized to sell in California. Neither is Richard Stolz. So this obviously won't work.
Sure, as long as he doesn't get sued or doesn't want to sell any real health insurance in California.
- 1,908
OK, nevermind.
Listen to them, not me.
Listen to them, not me.
- 11,280
I sold insurance in the senior market for 5 years with no complaints. Of course this is Indiana and I am ethical. I do however carry E&O now because I have started writing a little major med and most of them require E&O.
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