Is your paperwork in order? Do you know when your Errors and Omissions insurance expires? Do you know what CIUs you need and when to renew your professional license?
If you can’t answer a convincing, “Heck, Yes!” to all those questions, a few organizational moments are in order.
Get Your E&O Insurance Paperwork In Order
Start with renewal dates for your professional license and professional liability insurance. Once you have them in your calendar, back up two months. Aim to complete any required courses 60 days before you must renew your license because that gives you time and space for the unexpected.
Because E&O is separate from your general liability insurance it is easy to forget so take these steps to remember:
- Aim to renew your E and O policy 30 days before the deadline.
- Add a calendar reminder.
- Sign up here and Get Insured 24/7 will send you a reminder, too.
Take this date seriously. Letting professional liability insurance lapse may mean it will be more expensive when you apply again.
Make Your Insurance Documents Accessible
With renewals planned out, ready access to these professional documents is the next step. Representatives from regulatory agencies and insurance carriers may want to see them.
Keep neat, clean paper copies of your licensing credentials and proof of professional liability coverage on hand. Unearthing a crumpled, coffee-stained document from your briefcase or files does not scream “professionalism.” The day you don’t have them handy is the day someone will want to see it.
And consider renewing with us. Even at the last minute. Remember, you can enroll and bind in minutes, with proof of coverage available immediately.