Monday, October 16, 2006

 

What Does the Future Hold for Insurance Agents' E&O?

David Duncan of David C. Duncan Insurance Services in Rancho Santa Margarita, Calif., is worried about whether and how much the cost of his agency errors and omissions insurance might go up next year. Duncan started his agency in July 2006 after having worked professionally in the insurance business for 12 years, and was a partner in another agency before splitting off to create his own business. Duncan, who now pays around $2,500 a year in premium for an excess and surplus policy for his small agency, says "next to the cost of my agency management system, my E&O was probably my first or second highest start up cost."

What Does the Future Hold for Insurance Agents' E&O?
Source: Insurance Journal

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