LifeAgent E&O Insurance

This type of insurance is a specialized policy that protects life insurance retailers from legal claims associated with allegations of negligence. This includes inflicting financial loss due to a service you furnished, as well as insurance for complaints alleging errors within the information supplied, misconduct or failure to supply services

The importance of this coverage can be highlighted from the following example- Suppose you issued a life insurance policy to a 50 year old non-smoker. When the client makes an assessment on his coverage later, you might become aware that you accidentally inputted that the purchaser was a smoker, substantially increasing the premium they’d been paying. Your client may want to sue you for your mistake, and in this example, E&O insurance may cover the criminal prices and damages, inclusive of financial judgments.