Do I Need E&O Insurance to Sell Individual Health Policies?

[Pancur]

Hi,

I'm considering to go on my own and sell individual health insurance policies. I'm currently appointed with most carriers but thru a broker I've been working for several years now.

1. Do I have to get new appointments with the carriers in order to sell directly as an agent (not agency) or it's only a matter of changing commission assignments with the insurers?
2. Do I need E&O insurance in order to get direct appointments with the insurers?
3. Do health insurance companies require to have an office? I'd prefer to sell over the phone from home.

Thank you all in advance for your help.

 

[Crabcake Johnny]

Yes, you'll need E&O to obtain most appointments and no, you don't need an office.

 

[TXINSURANCE]

I'm considering to go on my own and sell individual health insurance policies. I'm currently appointed with most carriers but thru a broker I've been working for several years now.
Do I have to get new appointments with the carriers in order to sell directly as an agent (not agency) or it's only a matter of changing commission assignments with the insurers?
Do I need E&O insurance in order to get direct appointments with the insurers?
Do health insurance companies require to have an office? I'd prefer to sell over the phone from home.

1. From what you are describing probably new appointments
2. Some carriers require E&O some do not
3. Sell however you see fit, office optional

 

[arnguy]

I would strongly suggest you carry E&O insurance, It is a business expense.

 

[souldeux]

Yes, you'll need E&O to obtain most appointments and no, you don't need an office.

And even with the companies that don't require it, you should have it.

Really. Practically speaking, it's not an option. Get E&O or regret it big time later.

 

[kevinroyale]

thank you, I found this thread helpful.

 

[motoxxx]

I wish I could quote every response on this thread but since all of the info on here doesn't require any further explanation, I will just say DITTO!.

Foolish not to carry E and O.