A professional liability insurance, also known as errors and omissions insurance, will include any liabilities arising from omissions or misrepresentation. However, remember that making mistakes as an insurance agent will have a negative effect on your image. So, be wise and double-check your work so you can avoid any mistakes in the first place.
Likewise, if the insurer discovers your error is deliberate, the insurance will not cover the liabilities. Furthermore, don’t expect your insurance to cover you if your lawsuit stems from a criminal act. A big part of how to become an insurance agent in Atlanta is doing honest work.
For instance, if you’re selling property and casualty insurance, and you forget to mention an important clause in the contract. The insurance policy will compensate you for such mistakes if it is not purposeful.
Overall, professional liability insurance will protect you from having to pay a large sum of money out of your own pocket. So, regarding how much e&o insurance does a signing agent need, the more the better. If you wish to expand your reach, there are various online venues where you may join up for a membership plan. Also, feel free to reach out anytime to learn more about how to become an insurance agent in Atlanta.