If You're An Insurance Agent (selling Auto Insurance, Business Insurance or Home Owners Insurance) do you Have to Carry Your Own 'Errors and Omissions' Insurance? Or Is It Provided By The Company you are working for?
(Does Your Employer Carry the Insurance for you? Gold do you Have to purchase the Insurance and keep it up to date On Your Own?)
Jarred Romulus says...
It will depend upon the contractual arrangement you have. If you are an independent contractor you will most certainly need to purchase your own E & O insurance. On the other hand if you are an employee of the company or agency they will normally include you as an insured under their policy.
Do not assume you have coverage. This is an important point to clarify.
Posted on October 13, 2011
