Insurance Types >> Property and Casualty Agents E & O Insurance

Property and Casualty Agents E & O Insurance

Many property and casualty insurance companies require insurance agents and brokers to carry Errors and Omissions Insurance to protect themselves against the liability of wrongful acts during the process of providing, or failure to provide, professional service to their customers or potential customers. This includes, but is not limited to, activities related to the sales, attempted sales and service of all forms of property and casualty insurance to existing or potential customers. Error and Omission Insurance covers judgment, settlements and defense costs incurred in the event of a customer taking legal action against a professional agent or company.