Costly Coverage Gaps and How to Avoid Them
Costly Coverage Gaps and How to Avoid Them11.11.2013
Have you ever forgotten to turn off the stove, mail a letter, or set your alarm clock? Perhaps you forgot your keys as you were leaving your home or failed to pack your laptop for a business trip?
In the midst of juggling the obligations of daily business, it’s easy to forget to accomplish a task here or there and make up for it later. In the case of renewing E&O insurance, you can’t afford to “forget” because the cost of a gap in coverage could be catastrophic.
Sue Smith is a life insurance agent who has been in business for 15 years. Although Sue has never had a claim brought against her and does not expect to, she has diligently maintained Life & Health Insurance Agent’s E&O coverage since the inception of her insurance career to protect her business and personal assets.