Your insurance is only as good as your provider. Therefore, it is in your best interest to ensure that you secure a policy from a quality insurer. Below are three things to look for in your error and omission insurance provider.
- Good Reputation – How an insurer deals with other companies can serve as a strong indicator of how they would treat your business. There are a few things that you can look for to determine if an insurer is of repute, and that includes:
- Length of time in business
- Notable affiliations
- Customer reviews
You can find all of these things through a simple internet search.
- Knowledge – A quality insurer will not only offer insurance products but will also serve as a wealth of knowledge concerning insurance matters. Take time to speak with an agent to gauge how well versed the representatives are about insurance issues.
- Client Focus – Along with checking for knowledge, you also want to gauge how committed the insurer is to your business. Once you select a policy that is just the beginning of your business relationship, and you should look for an insurer who desires to be there to assist you for the long haul.
Do not settle for any insurer. Examine these three things in the insurers that you are considering to find the right error and omission insurance provider for your company.