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E&O coverage for insurance agents protects the agent against accidental errors or omissions. An error or omission can give a client a reason to sue you for damages. Carrying E&O insurance protects you and your business in the event of a lawsuit. The insurance will pay for the cost of the lawsuit and settlement, if any. The insurance company will usually provide a lawyer that is familiar with this type of law, so your chances of winning the case increase.
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∙ 12y ago
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Do home-based travel agents who are independent contractors need E O insurance?
No, they do not need to have EO insurance. They can choose to get this coverage if they wish, however.
Where can one find more information about EO insurance?
You can find information about EO insurance online at the Investopedia website. Once on the page, type "Errors and Omissions" into the search box at the top of the page and press enter to bring up the information.
IS E&O Insurance a reputable company?
E&O Insurance is okay. You can find reviews online for E&O Insurance. You can go to www.businessservicereviews.com/...insurance.../eo-errors-and-omiss for reviews.
What is Errors Omissions EO coverage with a minimum aggregate of 300000?
Erroros and Omissions is a type of insurance for professionals (much like malpractice for doctors) such as an insurance agent or accountant. It protects them from unintentional mistakes they may make in the course of their work. For example an insurance agent writes a policy for $30,000 instead of $300,000. The aggregate limit of $300,000 refers to the total amount of coverage available during the policy period. Some policies "reset" policy limits after a claim is resolved but policies with an aggregate limit get chopped away at by each claim and can eventually be drained to $0.
Eo is a issue?
eo is a personal issue?
How do you unscramble eo?
There is no anagram of "eo" except "oe."
What power EO 10999 provides president?
It matters not what powers are utilized by the president in EO 10999, which actually assigns responsibilities to the Secretary of Commerce. It does not matter, because this EO was revoked by EO 11490 in 1969 (EO 10999 was signed in 1962).
When was Captain EO created?
Captain EO was created in 1986.
When did Captain EO end?
Captain EO ended in 1997.
Was Michael Jackson in the movie Captain EO?
Yes, he was Captain EO.
When was Georges Eo born?
Georges Eo was born on 1948-11-07.
When was EO Personal Communicator created?
EO Personal Communicator was created in 1993-04.
