Where is the "best" Place to Get E&O (2mill.)

[Mark]

Have a lot of insurance companies raised the limits on E and O lately?

I didn't think most required that high of amount or that a lot of people carried that amount.

 

[dgoldenz]

Most carriers (in fact, I don't know of any) don't require $2M/$2M, but if someone ever sued you, that extra couple hundred bucks a year would be well worth it in the worst case scenario. Those who sell high face amount life insurance policies and deal with estate planning issues really should have the extra coverage.

 

[Mark]

Most of my life companies do not require it at all.

Only Assurity and Aviva that I offer require it and they only want 1 mill.

 

[dgoldenz]

I am also only required in my state to have liability auto insurance, but I pay the extra premium for comprehensive coverage because I don't want to be stuck holding the bag if something bad happens.

 

[briko3]

Lincoln requires me to have 2mill/2mill.

 

[SoCalBroker]

Wonder if the defense is inside or outside the policy limits on these E&O forms?

Wonder what would happen if both the husband & wife sued you for a million ... like the other post indicated what if your handling a large estate, and the heirs each sue you for $5m ?

What if the limits of cover were eaten up by $350k in attorneys fees and defense costs?

The insurance purchase process in the country is bass-ackwards I tell ya.

Wonder how many guys buying those ultra low cost forms really have a clue as to what they bought? Anybody been through a renewal with those carriers? Whats the premium bump up to?

Please tell me you guys at least understand retro dates?

 

[0b1kanobee]

I use this company: Calsurance 1-800-745-7189

 

[Mr. Bill]

Welcome to EZ Insurance Solutions!

 

[SoCalBroker]

Not sure how many guys will fit in this box?

[FONT=verdana,arial,tahoma]The EZ Insurance Solutions Professional Liability coverage, or errors & omissions (E&O) coverage, is available to firms and individuals performing tax return preparation, advice, and client representation before the IRS or any governmental taxing authority; bookkeeping services; payroll processing services; data processing services; notary public services; and recommending and installing hardware and software, including training your client.
[/FONT]

[FONT=verdana,arial,tahoma] Optional coverage is available for services performed as a financial planner, registered investment advisor, registered representative, and life insurance agent when services are rendered to implement a written financial plan.[/FONT]

 

[PT202]

I found that my CNA $1mil aggregate was not adequate for certain carriers. Blue Cross/Shield has a $1mil/$2mill plan

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