RISK MANAGEMENT limits to equal a $ 2 million quote with defense outside the limits .
True cost of a claim : As with all insurance , what you purchased becomes real when you face a claim . Between responding to the subpoena , producing documents , depositions , negotiations , and preparing for trial , an E & O claim is stressful , time-consuming , and disruptive for agency staff . Your agency will need to grapple with both direct costs , such as deductibles and potential E & O premium increases and indirect costs , such as staff time and potential reputation degradation . Agents cannot afford to have mediocre claims personnel or inexperienced panel counsel handling their claims . The E & O marketplace includes many carriers , but before you bind your E & O coverage with a carrier that has little experience , find out more about what to expect in the event of a claim .
Need a second opinion on your E & O ?
Contact KAIA today for a free E & O consultation and policy review . We are happy to help you understand how your current E & O stacks up .
KAIA . COM / EO-INSURANCE ( 800 ) 229-7048
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