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Reply to Point Me in the Right Direction     
Old 09-26-2015, 06:46 AM   #1
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TampaHound on Point Me in the Right Direction
 
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Point Me in the Right Direction Point Me in the Right Direction
I work in a call center environment where I'm covered by our companies E and O insurance.

It's a good job and I make a good living (not getting rich but also don't have to deal with charge backs and buying leads). The fact that I'm a supervisor doesn't hurt either.

Lately I've been thinking about joining a local agency or even going out on my own to pick up some additional work. Nothing major, just a little part time work with a company like Great Western or selling LTC.

I would not be covered by my work if I do this, I understand that. So can you point me in the direction of a good but fair priced (cheap) E and O company?
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Old 09-26-2015, 08:02 AM   #2
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goillini52 on Point Me in the Right Direction
 
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Point Me in the Right Direction Re: Point Me in the Right Direction
Originally Posted by TampaHound View Post
I work in a call center environment where I'm covered by our companies E and O insurance.

It's a good job and I make a good living (not getting rich but also don't have to deal with charge backs and buying leads). The fact that I'm a supervisor doesn't hurt either.

Lately I've been thinking about joining a local agency or even going out on my own to pick up some additional work. Nothing major, just a little part time work with a company like Great Western or selling LTC.

I would not be covered by my work if I do this, I understand that. So can you point me in the direction of a good but fair priced (cheap) E and O company?

I have mine through NAPA. Mine's sponsored by Equitable(you have to be contracted with them) and covers everything but variable annuities for $458 a year. They have other company sponsored programs. If you've been licensed less than 2 years and have commission income less than $100,000 you can get it for $374.

NAPA Errors & Omissions Insurance For Insurance Agents and Agencies
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Old 09-26-2015, 08:08 AM   #3
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Justin Bilyj on Point Me in the Right Direction
 
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Point Me in the Right Direction Re: Point Me in the Right Direction
Originally Posted by goillini52 View Post
I have mine through NAPA. Mine's sponsored by Equitable(you have to be contracted with them) and covers everything but variable annuities for $458 a year. They have other company sponsored programs. If you've been licensed less than 2 years and have commission income less than $100,000 you can get it for $374.

NAPA Errors & Omissions Insurance For Insurance Agents and Agencies
I concur doctor, best policy available...
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Old 02-14-2016, 12:29 AM   #4
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Point Me in the Right Direction Re: Point Me in the Right Direction
Thanks for the advise guys
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Old 02-29-2016, 10:26 PM   #5
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Point Me in the Right Direction
Originally Posted by azadam View Post
Thanks for the advise guys
They look good for a new agency, but wanted 2K for me! That is way out of line. I really like Mike w/ Insurance By Design. He is the most knowledgable E&O agent I have ever talked with.

Mike Di Loreto| Insurance By Design|www.ibdpro.com JDI Insurance By Design Agency, LLC. CA License #0H64802
4230 LBJ Fwy | Suite 222 | Dallas, TX 75244 | Main: [email protected]
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Old 03-27-2016, 03:27 PM   #6
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jdelix on Point Me in the Right Direction
 
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Point Me in the Right Direction
NAPA is the way to go. Make sure you are not captive to the line service via your call center, or have a non compete agreement.
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Old 04-06-2016, 12:18 PM   #7
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leroman on Point Me in the Right Direction
 
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Point Me in the Right Direction Re: Point Me in the Right Direction
Price reflected on website is for life and health, I am interested on P & C only
E & O Insurance, their price is $982.00 a year. Anyone has a suggestions on other vendors for this?

Thank You!
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Old 04-06-2016, 09:06 PM   #8
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FEX Quotes on Point Me in the Right Direction
 
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Point Me in the Right Direction Re: Point Me in the Right Direction
Originally Posted by leroman View Post
Price reflected on website is for life and health, I am interested on P & C only
E & O Insurance, their price is $982.00 a year. Anyone has a suggestions on other vendors for this?

Thank You!
982 for P&C is a steal
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Old 04-06-2016, 10:58 PM   #9
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Point Me in the Right Direction
Originally Posted by leroman View Post
Price reflected on website is for life and health, I am interested on P & C only E & O Insurance, their price is $982.00 a year. Anyone has a suggestions on other vendors for this? Thank You!
Sounds too cheep to me.
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Old 08-16-2016, 12:24 PM   #10
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Join Date: Mar 2015
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Point Me in the Right Direction Re: Point Me in the Right Direction
All these policies are claims made. Any market with occurrence coverage? I still wonder how long I should stay indy, and how large my business should be to find a policy with occurrence coverage? It is a joke: to work for an industry which can't offer me what I need and want.
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