retired agent e and o still needed???

[PhxSunsFan]

e and o is still needed when writing no new business for years.. but still receiving comm from some carriers like uhc. wellcare etc??

 

[adjusterjack]

How many years since you wrote a new policy?

Are you still servicing existing policies?

Do you have a "claims made" or "occurrence" E&O policy?

 

[Markthebroker]

Yes. While you are no longer selling, a claim could still pop up today from something you allegedly said or did years ago. What you need is something called "tail coverage".

 

[adjusterjack]

Yes. While you are no longer selling, a claim could still pop up today from something you allegedly said or did years ago. What you need is something called "tail coverage".

Right. At least until the statute of limitations for an E&O claim runs out.

 

[myinsurebiz]

e and o is still needed when writing no new business for years.. but still receiving comm from some carriers like uhc. wellcare etc??

$30 a month for E&O - how much are your renewals?

 

[marindependent]

Yes. While you are no longer selling, a claim could still pop up today from something you allegedly said or did years ago. What you need is something called "tail coverage".

this dude is correct. You may create the policy in year one and have a problem and a claim in year eight.

If you are still receiving a commission - I would certainly keep it.