E&O for Agency and Agent

Hello Everyone,

I received my Life and Health Insurance last year. Now i am about to open an LLC and get an E&O for that LLC. Then start doing business with Brokers to write policies for my clients.

Do i need to have E&O for the LLC and for me as individual?

are there any disadvantage of doing business via LLC in terms of insurance business (not in terms of Tax).

Thanks
 
Hello Everyone,

I received my Life and Health Insurance last year. Now i am about to open an LLC and get an E&O for that LLC. Then start doing business with Brokers to write policies for my clients.

Do i need to have E&O for the LLC and for me as individual?

are there any disadvantage of doing business via LLC in terms of insurance business (not in terms of Tax).

Thanks

Your E&O Policy should cover you, your LLC, and any of your employees. I would definitely double check with your E&O provider if you have further questions!

Here is an article I wrote comparing 11 different E&O providers if you are shopping around -

Top 11 Errors and Omissions (E&O) Providers for Insurance Agents
 
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