Errors and Omissions is arguably the most critical insurance an agency is required to buy. Not only do most of your carriers require you to carry it by contract, but it serves to protect you, your business and the livelihoods of your employees. Backed by a knowledgeable and dedicated team of brokers.



What is Agent E & O Insurance?

Errors and omissions insurance, a.k.a E&O insurance and professional liability insurance, helps protect you from lawsuits claiming you made a mistake in your day to day professional services. This insurance can help cover your court costs and settlements, which can be very costly for your business to pay on its own. This is a huge shield for your business.

why do you need E & O insurance?

It protects businesses like yours against the full costs of a claim made by a client against a professional who provides advice or a service such as a consultant, financial advisor, insurance agent, or lawyer. It is a common form of business insurance that protects an entity should someone accuse that company of making a mistake that cost them money.

What does E & O cover?

The benefits E&O insurance gives businesses or individuals vary depending on the policy and issuing insurance company. E&O insurance potentially covers the following:

  • Errors, mistakes, or oversights.
  • Failure to meet a deadline or deliver a specific service promised.
  • Professional negligence.
  • Failure to meet a specific standard of care, especially if outlined by a given profession.
  • Breach of contract.

Who needs e & o insurance?

Generally speaking, this kind of liability insurance is required for professional advice-giving or service-providing businesses. Without E&O insurance, a company can be held liable for up to millions in damages plus the fees associated with a legal team.

The following is a list of professions that should have E & O insurance(just to list a few):

  • Insurance brokers
  • insurance dealers
  • Realtors
  • Registered investment advisors
  • Financial planners
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We Are Security Underwriting Managers

Security Underwriting Managers (SUM) is dedicated to providing insurance products that provide quality protection with value pricing while addressing the needs of our Agent Partners. We strive to establish a successful partnership with our agents and the insurance companies we represent.
We take pride in putting people first. Our team is dedicated to our partners and their customers.
Our strength is anchored in the diversity of our team which gives the advantage to provide BEST IN CLASS service.

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