How Long After You Get Your License Do You Need Insurance?
When you choose to become insurance broker, you need to get the following insurance coverages for yourself:
General Liability Insurance:
If you own an insurance agency, many clients will come and go. For example, a client who was going out of your office slipped on your floor. After that, the client demands payment for their medical checkup, stating that your office is at fault. Therefore, general liability insurance will come in handy when someone sustains any injuries in your office area.
According to Insureon, you can expect to pay an average of $350 yearly for a liability insurance policy. Furthermore, you have the chance to combine liability insurance along with your business owner’s insurance policy.
Also, you can check out our article on how much e&o insurance does a signing agent need for specifics of professional liability insurance.