E&O Insurance is a professional liability insurance that protects companies and or individuals against claims made by clients for inadequate work or negligent actions. Errors and Omissions insurance covers both court costs and any settlements up to the amount specified on the insurance contract.E & O Coverage is required with ALL the carriers in order to submit business with them, except the following:
- American Amicable
- United Home Life (UHL)
- Mutual of Omaha
- To sign up for this coverage you can go to the sponsored SFG E&O coverage program at http://www.360coveragepros.com/sfg/errors-and-omissions to enroll and read more about the coverage. You will receive a certificate at the end that you will need to send to firstname.lastname@example.org and CC your upline manager.
- Another option for coverage which may be slightly less expensive would be with calsurance. You will need to contact your upline and request to be contracted with Foresters once you have gotten your E & O coverage certificate. To sign up for this coverage go to http://www.calsurance.com/iof/ and click on “Enroll Now” and follow the instructions. When asked for an agent number, if you are not yet contracted with Foresters, simply check the box that you are a new agent and do not have one yet. You will receive a certificate at the end that you will need to send to email@example.com and CC your upline manager. Also request to be enrolled with Foresters.