With direct online purchasing, Get Insured 24/7 made buying Errors and Omissions coverage effortless. Now, Life and Health Agents can spread out the cost of their annual professional liability policy rather than pay a lump sum up front.
Pay For Your E&O Insurance Monthly
For as little as $34.05 a month, insurance agents can spread out an important cost of conducting business. Our “Monthly Pay Option” involves one payment of  25% down followed by 10 more payments on the first of each month. This is especially helpful for new agents and because start-up costs add up quickly – professional exam fees, state regulatory fees, business license costs among them.
“Our business is about saving small business professionals time and money with convenient, flexible options. Our online enrollment engine allows Life and Health agents to literally buy E&O insurance in 5 minutes wherever they are and whenever they want.
Adding a monthly payment option rather than requiring payment of a lump sum annual premium amount gives new professionals more control on their cash flow as they are working to build their business.” – Mark Lincoln, President and CEO of Get Insured 24/7
The professional liability coverage, with an annual base price that starts at $454, is a partnership with Get Insured 24/7 and Aspen U.S. Insurance, part of the insurance segment of Aspen Insurance Holdings Limited. Aspen is the underwriter.
More Control For Insurance Agents
“We are excited about this program because it puts more control in the hands of customers,” said Bruce Eisler, Executive Vice President, Head of US Financial & Professional Lines, Aspen. “We commend Mark Lincoln and his team at Get Insured 24/7 for innovative thinking that both saves agents time and money and gives them more flexibility to secure coverage.”
Financial Services Professionals, initially Life and Health Insurance agents, can “point, click and bind” affordable professional liability insurance online after answering five short qualifying questions.  The monthly pay option fits well with our strategy to roll out new professions later in the year, Lincoln said.
Complete The Process In Minutes, Completely Online
This program streamlines the purchase process and agents can enroll and pay for E and O coverage in minutes. Typically, other providers of professional liability coverage require applicants to request quotes and undergo extensive underwriting evaluation, which adds time and expense to the process.
Additional Levels Of Coverage
Get Insured 24/7 also allows Life and Health agents to easily add levels of E & O coverage if they sell fixed and indexed annuities, variable products or mutual funds, or disability income insurance.
“Today’s small business professional wants convenience, affordability and flexibility & our mission is to empower them.”
Our new $3 million aggregate limit helps protect your business from the unexpected and lets you focus on growing your business. Look over our Errors & Omissions coverage options and renew or enroll today.
This is a great blog.