 Boyfriend left life insurance & 401k to my friend & she doesn't know steps to take. Copy of will also needed. |
Additional Details
She is the beneficary on both. Talked to insurance co. and trustee... they want copy of death cert. (how can she get that?) His family is being real rude to her about ... |
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 My Sister's Son died and she is having a hard time collecting from Insurance Company? |
| My Sister is getting the run around, Her son had a Insurance policy when he died, in Oct 06. She is being told it was just accidental insurance, But will are pretty sure it was Term. and they are ... |
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 Beneficiary question/ insurance problem? |
| My mother passed in October. She was with her employer for 10 years during those ten years she paid on a life insurance policy worth $50,000. Five years ago she assigned my brother as the beneficary. ... |
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 Excessive ambulance bill? |
| I was charged $2,000 for a 4-mile ambulance trip and my insurance paid $500. Now the EMS company wants me to pay the balance. I think the charges are ridiculous and I wonder if they would write off ... |
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 What is the average cost of health insurance? |
| I'm doing homework and I need some help. What would be the average cost of health insurance for a 27 year old? The monthly cost would be the most helpful.... |
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 Do I pay my deductible once a year? |
| I'm pregnant and on a new insurance plan through my husband's job. There's a $500 deductible per individual and a $1000 for the family. I need to go in for a regular pre-natal visit ... |
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 High Deductible health plan? |
| What are the advantages/disadvantages or a High deductible health plan?... |
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 Do I need maternity coverage? |
| my husband and I plan to start trying to conceive in about a year and a half from now. we're about to purchase health insurance for the first time and want to know if we should get maternity ... |
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 I recently had to go to the emergency room...i don't have insurance and i wait tables? |
| 3 different bills came and add up to over $3000...i don't know what to do. my bf told me that if i don't pay them, it won't really effect my credit, but i don't want to be that ... |
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 I love having to get any possible treatment pre-approved with my PPO. Is American-style health-care for me? |
Additional Details
I guess I just really enjoy having a for-profit company tell me whether it's ok to see a doctor. It's just a good feeling, you know?... |
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 Are AFLAC policies a ripoff? |
| My company offers AFLAC as an "employee paid" benefit. I find their package confusing and hard to figure out. My first reaction is that they are very expensive for the limited coverages ... |
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 I have a leasehold flat and the freeholder is supposed to be paying for the building insurance? |
I don't think they have and it is written in my lease. Do I have a claim and can I sue them? I need to claim because my dishwasher leaks and has damaged my laminate flooring. Thanks
A... |
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carmen f | What is E & O Coverage? |
I am new to the insurance industry and was told by an insurer I want to be appointed with that I am required to have $500,000 of Errors and Ommissions Coverage? being new I would hate to ask a company I plan to write business for what the heck is E & O coverage and how do I get it. Does anyone know the average cost of a policy?
Thanks, |
 |
 
ricks
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E&O is for agents as malpractice is for doctors. You need to have it or you can be personaly liable if sued for any mistakes you make.
I have a L&H license & it runs about $650/yr. for $1million in coverage. |
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Misty L
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Too many factors in determining premium. What kind of professional service are you providing? How long have you been doing this? Experience? E&O covers for mistakes on your part on the behalf of others...
Ex: As an insurance agent, we must have E&O in case we don't provide proper coverages or forgot to file a claim and so forth...
Accountants must have it in the event that mess up somebody's taxes.... |
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Queen B
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it is exactly what it says, errors and ommissions. its because you and your employees are human and will make errors and ommissions. this is to protect you should you ever be sued!! you NEED it |
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misydoll
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It means Errors and Omissions insurance, my boss pays about $1,000 a year and his coverage is $1,000,000. It covers you and any employees for making any errors or omitting to make a mistake. |
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Beth G
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Check with the agent that set you up with business insurance and ask them if they write E&O. You will not be appointed with any other company without having it. It protects you and the company you are appointed with from being put through a lawsuit if a mistake happens. |
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mbrcatz
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Errors and Ommissions coverage - for agents, it's also called professional liability. Example: you use your binding authority with a company, but forget to send the application to them in the alloted time period. Of course, there's a big auto accident, and the company denies as they have no record on file of that insured.
So, your E&O policy would pay for the accident.
This type of coverage is on a claims made basis, so the first few years are pretty darned cheap, but be prepared for increased costs as your policy goes on (typical of claims made policies). The best place to find coverage, is through your local independent agents' association. www.iiaa.org for the group near you. But I'm guessing the first year should run you a mere $3000, with a $10,000 deductible per claim. |
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Suzanne
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Does E & O insurance cover employer/employee claims such as a claim by an employee/independent contrator against the owner of the employer agency for Independent Contractor law violations? |
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