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Can life insurance agents get sued?

In the event that your insurance agent failed to adhere to their duties, you may be entitled to sue them for negligence (and thereby recover damages for the losses over which your insurer has refused to extend coverage).

Is errors and omissions the same as professional liability?

Errors and omissions insurance is another name for professional liability insurance. So, you'll still get the same coverage, despite the different names.

Why is errors and omissions insurance beneficial to licensees?

Errors and omissions insurance (E&O insurance), also sometimes referred to as professional liability insurance, helps protect real estate agents and their brokerage firm against losses from mishaps with professional services.

What do we mean by errors?

An error is something you have done which is considered to be incorrect or wrong, or which should not have been done. NASA discovered a mathematical error in its calculations. [ + in]

What happens if an insurance agent makes a mistake?

You may have the option of filing an insurance agent negligence claim. errors and omissions. Your insurance agent could be held liable for mistakes made unintentionally or intentionally. They may also be liable for their actions and any damage that has occurred as a result of their actions.

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