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Home > Blog > Do Insurance Agents Need E&O Insurance?
FRIDAY, APRIL 29, 2022

Do Insurance Agents Need E&O Insurance?

Errors and Omissions (E&O) is an essential part of a professional liability policy for insurance agents. This coverage helps provide financial protection to insurance agents if a client brings a lawsuit claiming a mistake led to financial losses. 

No matter the size of your business, all insurance agents need E&O coverage. Contact the agents at U.S. E&O Brokers in Houston, Texas, today to learn more about your options and to get a quote. 

Why Do Insurance Agents Need E&O Coverage? finger on business
As an insurance agent, advise and help clients make major significant decisions that could affect their financial future financial wellbeing. If you unintentionally make a mistake that could harm your clients, Professional liability insurance coverage can help cover related costs, including lawsuits. E&O coverage protects the agent and the their company from their financial effects of losses caused by an omission or error. 

What Does E&O Insurance Cover? 
If a client initiates a lawsuit against you and your business, E&O insurance may help pay for the related legal costs. Other costs that E&O insurance may help cover include: 

  • Work mistakes and oversights: Minor professional oversights could trigger an expensive lawsuit. E&O coverage may help pay the costs of legal defense and any judgments resulting from the case. 

  • Negligence: If you or your business fails to meet the minimum industry standards while serving a client, they could sue you for negligence. E&O insurance may help cover defense costs, attorney fees, and other legal expenses. 

  • Undelivered services: If a client alleges that you provided inadequate work or failed to deliver promised services, they may decide to sue. E&O insurance may help pay for settlements as well as court-ordered judgments. 


Talk with an agent today to get help determining which insurance policies may benefit your insurance business. In addition to E&O insurance, your agent may also recommend that you consider purchasing cyber liability insurance and employment practices liability coverage. 

Get the E&O Policy You Need, Today 
If you are an insurance agent and don’t currently have E&O insurance, now is the time to get this essential coverage. Many policies provide coverage with a retroactive date, so get coverage as soon as possible. 

The agents at U.S. E&O Brokers can help you get the E&O insurance coverage you need right away. Contact us to learn more about your options and get a quote. 
Posted 6:59 PM

Tags: e&o insurance
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