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Insurance costs depend on several factors, such as location, size of company and number of transactions each year (or income or number of real estate agents - the rating basis can vary) and claims history. It also depends on the limits, coverage form, endorsements, deductibles and the overall claims history of that class of business with the chosen insurance company.
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What is an "errors and omissions" insurance?
"Errors and omissions insurance is business liability insurance for professionals such as insurance agents, real estate agents and brokers, architects, third party administrators and other business professionals. This type of insurance helps to protect a professional, an individual or a company, from bearing the full cost of defense for lawsuits relating to an error or omission in providing covered Professional Services.
Why It's Important To Have E&O Coverage For Insurance Agents?
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.
What type of business insurance is necessary to protect a wedding planning business and the cost per year?
You should be looking for general liability and errors and ommission insurance.
Is insurance premiums for fire insurance an example of variable cost?
is insurance premiums for fire insurance an example of variable cost?
What does not influence the cost of insurance?
Gas mileage does not influence the cost of insurance.
Does the color of a car affect the cost of insurance?
No, the color of a car does not affect the cost of insurance.
Would a Freight broker carry insurance and what is the cost?
freight broker insurance what does it cost
How much does builders risk insurance cost?
How Much Does Builders Insurance Cost?Builders insurance is usually 1% to 5% of your total construction budget. The accurate cost of insurance is determined by the required level of coverage and the insurance company you have chosen.
What does factory insurance cost?
it cost nothing
Do skylights increase the cost of homeowners insurance?
No. Skylights would not effect the cost of homeowners insurance.
How do car insurance groups affect the cost of your insurance?
Insurance groups negoitiate for lower prices for the members of the group. Therefore if you are a part of the group it will decrease the cost of your insurance.
What does it mean insurance quotes?
Insurance quotes: An insurance quote is an estimated cost provided by the insurance company for an insurance policy. Insurance quotes take into account the level of risk a prospective insured represents as well as the amount of coverage desired.
