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  • Writer's pictureEmily White

New Agent? Are You Covered?

When starting a new venture in the insurance world, there's a crucial step that's often overlooked, but can make a huge difference: Errors and Omissions (E&O) insurance. Before signing contracts with insurance carriers, consider securing E&O insurance as a top priority.

E&O insurance, also known as professional liability insurance, is designed to protect insurance professionals from claims of negligence, errors, or omissions in the services they provide. In addition to being required by many of the core carriers at Equis Financial, E&O is a critical tool in the belt of any serious insurance agent. Here's why it's indispensable...

- Financial Protection: Mistakes happen, and when they do, they can result in costly legal battles. E&O insurance covers legal expenses and any settlements or judgments, saving you from potentially crippling financial burdens.

- Compliance: Many insurance carriers require their partners to have E&O insurance as a condition of doing business. Failing to meet this requirement can hinder your ability to work with reputable carriers.

- Credibility: Having E&O insurance demonstrates your commitment to professionalism and accountability. It can instill confidence in potential clients and partners, as they know you're prepared to handle any unforeseen errors.

During new agent onboarding, agents are steered toward Equis' "core carriers." These carriers are:

  • Aetna/CVS

  • Americo

  • Mutual of Omaha

  • Ethos

Of these core carriers, Aetna/CVS, Americo, and Ethos all require some level of E&O coverage for access to their full range of products. E&O insurance is not just an option, it's a necessity. If you are an agency builder, encouraging new agents to acquire coverage before they begin onboarding will help to create a smoother transition for your recruits...and you'll be better prepared for the unpredictable twists and turns of the insurance world.


If you are not covered with E&O insurance yet, we recommend using 360 CoveragePros. If you have any questions please reach out to an Agent Services representative through chat on your Equis Dashboard.


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