Posts Tagged ‘e&o’

Low Cost E&O Insurance Offered To Agents

Tuesday, August 1st, 2017

For the first time, a low-cost Errors and Omissions (E&O) insurance policy for agents marketing critical illness insurance, Medicare Supplement and Medicare Advantage and long-term care insurance policies is being made available by the American Association for Critical Illness Insurance as well as the American Association for Medicare Supplement Insurance.

“We are pleased to make available a low-cost, high quality E&O insurance policy for agents who offer critical illness, Medicare Supplement and other insurance policies,” announced Jesse Slome, director of the American Association for Medicare Supplement Insurance.   According to Slome, the new coverage offer some important features and enhancements he believes agents will find of interest.

“First of all, there are more available choices so an agent can choose and pay for only the amount of coverage they need,” Slome shared.  Cost for the E&O insurance starts at $341-per-year including all fees.  “New agents can enroll and there are some discounts available that can save a new agent some money.”

The issuing carrier for the group plan is American Automobile Insurance Company (an Allianz company), which carries an A+ rating from A.M. Best Slome, adds.

“Agents can enroll online which takes five minutes or less and can even pay with a credit card if they prefer,” Slome shares.  “Today, having E&O insurance is often required by insurance carriers but in our litigious world, it makes good sense,” he concluded.

To learn more about the low cost E&O coverage visit the Association’s webpage at http://www.medicaresupp.org/eo where information and links to the online enrollment can be accessed.

The American Association for Medicare Supplement Insurance was established to support the growth of the Medigap industry and support insurance professionals.   Slome also serves as director of the American Association for Long-Term Care Insurance and the National Advisory Center for Short Term Care Information.

Cheap E&O Insurance Now Available With Free Membership

Tuesday, July 17th, 2012

A new program provides low-cost E&O insurance to life and health insurance agents nationwide.  According to the program sponsor the American Association for Critical Illness Insurance agents can also save because the organization continues to waive membership fees for 2012.

“The E&O program is available in all states and offers extremely competitive premiums for agents who can successfully answer eight simple online questions,” explains Jesse Slome, executive director of the trade organization.  The association’s sponsored E&O product provides a $1 million limit of liability for each claim with a $1,000 deductible per-claim.

Coverage under the program is also available for new agents with options for agencies and their staff.  “We are committed to helping to build critical illness insurance sales in the United States,” Slome declares, “as a result, we are continuing to offer free membership to insurance agents and brokers who wish to learn more about marketing and selling critical illness insurance protection.”

Open enrollment for the group policy has started with premiums for the full year of coverage starting at $515.   “An agent can sign up at any point for coverage and will pay the pro-rated premium which can be as low as $103,” Slome explains.  The program offers instant online approval and certificates are immediately available.  “The program even accepts credit card payments, ideal for those who like to accumulate points,” Slome adds.

For additional information call the Association at (818) 597-3205 or visit their website http://www.criticalillnessinsuranceinfo.org/eo to access free online consumer information guides.