Every life agent works hard to deliver the very best to its clients. We all try to build a positive reputation and ensure our work keeps our clients returning. Unfortunately, the truth is that no matter how hard you work for your clients, mistakes sometimes happen. And when things do go wrong, your clients can turn to legal action to correct those mistakes, or seek compensation for them. Whatever services you offer – whether it is life insurance or investment advice you are at risk of litigation. If you or your employees make a mistake or your services fall below your clients’ expectations there may be legal repercussions. When inadvertent errors are made it can be really bad news both to your reputation as well your finances.
Even if allegations are groundless, frivolous or malicious, there can be a long and expensive litigation process to follow which may or may not lead to a settlement or judgment. Unfortunately this could mean the end of your professional career if your assets are not sufficient to cover the settlement and legal fees.
Errors and Omissions Insurance is a requirement of your license and your sponsor organization. Axis Insurance Group provides a broad insurance policy with competitive premiums. In many cases an easy to use online platform allows you to purchase your policy after the completion of a simple application.