Even though your job is to sell insurance, have you applied that knowledge to your own agency? Chances are you’ve worked very hard to build up your agency and hire a skilled staff that supports your goals. But without your leadership and guidance, what would happen to your agency?
Directors and officers (D&O) insurance is designed to protect a business in the event that an owner or manager is lost. This may be due to an illness, the onset of a disability or a death. Though similar to key man insurance, which can be purchased by any employee, D&O insurance is only for owners and management.
With a D&O insurance policy, you can rest assured that your agency can withstand vast changes. After all, a change in management can create large waves that may rock the financial stability of an agency. And as things take time to simmer down, the agency’s insurance can prove very beneficial.
Don’t let your agency face unnecessary risk. Be sure that your business insurance portfolio includes D&O insurance for more comprehensive protection.
Need assistance? U.S. E&O Brokers specializes in creating policy packages for insurance agencies to protect their own interests. Contact us today to see the packages we have to offer.
Get started today. Call U.S. E&O Brokers at (800) 460-6424 for more information on D&O insurance for insurance agencies.