Importance of H aving E&O I nsurance for I nsurance A gents E&O insurance is a type of liability insurance that protects professional advice and service providers against allegations of negligence or professional mistakes. An E&O policy covers legal fees associated with the claims and other court-related expenses such as costs of hiring an attorney. As an insurance agent, you face a high amount of risk. You are expected to provide the right coverage to your clients at the right time. Not only that, but they also need to process all the paperwork correctly and provide exact payments to their carriers as well. E&O insurance for insurance agents covers a wide range of expenses. These costs will be paid up to the limits of a specific policy in the event of a lawsuit. An E&O policy will generally cover costs like: 1. Attorney fees: At the time of facing an E&O claim from you...