Katy TX E and O insurance

Are you trying to find Katy TX E and O insurance? If you are, you are at the right place. Texas Insurance Agency can help you with any insurance need. We have decades of experience. The company acts as a broker in this field. That makes us the middleman. But our connections help. We connect to major local companies. From that, we offer expert advice. Our team is able-bodied. Our location serves Katy and Pearland. But we also serve Cinco Ranch and Fort Bend. In addition, some industry helpers include Progressive and The Hartford.

Katy TX E and O Insurance

If you want a quote, visit our website. There, you can fill out the form. Also, if you need it, you can contact us by email. You can also call us if you need to. We handle a lot of coverage. That includes your home or auto. It may also include your boat or motorcycle. For those instances, we liaison with the right people. That means we keep your needs first. After all, we work for you. You’re our client. It’s not the other way around. We don’t work for big insurance companies. When it comes to your insurance plans, we tailor the best for you. That comes with competitive prices and rates. When we work with you, we factor in a lot of things. The most important thing is to make sure you have help. And that comes with saving on costs.

What are E and O?

E and O are errors and omissions insurance. This pertains to your professional services. You can call this professional liability insurance. Like with other insurance, this insurance protects you against any legal fees that come with any lawsuits.

Katy TX E and O insurance

E and O insurance can be a handful, but we can help!

In addition, this insurance protects you from negligence claims, error in services, any omissions, misrepresentation, or violations in faith dealing, or bad advice. So, in effect, if someone sues you for a mistake in your professional service, this insurance will cover your legal costs.

The legal costs could be a lot. Furthermore, it could include getting a courtroom or expert witnesses. Aside from that, this insurance covers administrative costs. That could be for court reporters or any office managers. And in the end, it helps with settlements and judgments. That can go from a couple of thousand dollars to maybe millions of dollars.

However, E & O insurance only covers claims if you file them within your policy’s period or extended reporting period. It can also cover things if the incident happens on or after your retroactive date. Henceforth, the retroactive date just means a date on or after a certain day in your policy. That’s where your coverage can start from. Also, your extended reporting period helps cover claims after the policy expires.

Why E and O is important

If you don’t have E & O insurance, your cost for liability could be very high. It can even put your business or company at risk of shutting down. And also, even if your claimant drops their claim, the legal fees could still be huge. The legal fees could be thousands of dollars. This really can be bad if you’re found to be at fault or you want to settle the claim. You may have to pay out of pocket if you don’t have insurance. That is why you need your Katy TX E and O insurance.

Who Needs It?

For sure, real estate agents need to get E & O insurance. Claims can be made against the property they sell. They may have to pay if there’s any flaw on the property. In addition, there are other people who need E & O insurance in different fields.

Those people are accountants, engineers, advertisers, educators, or marketers. It could also be website developers, consultants, barbers, and hair salon workers. Aside from that, you can think of print and publishing companies. And it could be veterinarians or pet groomers.

What It Does Not Cover

E &O insurance does not cover incidents before your retroactive date. In addition, it doesn’t help with incidents that happen after your policy period.

Katy TX E and O insurance

Before you sign the dotted line, there are a few things E and O insurance does not cover.

There are some things that E & O insurance does not cover. It does not cover any illegal acts of wrongdoing. That can be any criminal activity or deception. It also does not cover bodily injury or property damage. You will need to get a separate liability insurance plan for that.

Any employee injuries or illness that comes from the job is not under protection. In that case, you will need workmen’s compensation for your business. That plan covers any issues with employees in that regard. Just keep in mind, though, that workmen’s comp is a requirement in most states. In addition, discrimination or harassment is not under this coverage. You will need employment practices liability insurance for that.

Cost of E and O

If you want the price down for this type of insurance, you may have to do certain things. These could be making sure your employees have proper training and doing customer satisfaction checks from time to time. You can also check for quality control. This can affect your Katy TX E and O insurance in a good way.

Katy TX E and O insurance

The cost for E and O insurance can be a lot, but we got you covered!

Your cost for E & O insurance has many factors. It can be your risk as a business, and you may pay more if you’re a big company. And also, it can be your coverage limits. The higher the limits, the more you will have to pay. In addition, you have to consider the prior claim history for your company. And finally, where your location is also important.

For real estate agents, E & O insurance is crucial. For your real estate firm, it can protect you, your agents, brokers, appraisers, and other professionals. Four main areas for most claims in real estate are appraisals, property management, mortgage brokering, and agent properties.

Texas Insurance Agency is here for you!

Texas Insurance Agency can help any professional. It doesn’t matter if you’re a real estate agent or engineer. We can help you. You can email us at info@texinsagency.com or come during our office hours. They’re from 8 am to 5 pm Monday to Friday. Or you can make an appointment. For your Katy TX E and O insurance, we are here for you!

Fun Facts about Katy, TX

  • Fort Bend County in Katy is the most diverse county in the nation.
  • Katy has two major highways that divide the city into four quadrants.
  • The iFLY Indoor Skydiving in the city provides group/event hosting and party rooms.
  • The population is almost 27,000, according to the 2020 census.
  • To learn more, visit Katy’s official website.


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