I'm a one man team working out of my home, No one will come in my house... Should I get E&O or General Liability or both? Thanks for the advice

If you are working out of your home you should talk to your insurance agent about an office use rider on your home owners insurance. The general liability depends a lot on what you expect to be doing vs. hiring contractors to do for you (if you hire contractors make sure they have general liabilty and have named you as being covered while they are working for you). The E&O I highly recommend in any event; like other insurance it becomes more affordable as the deductible increases, so consider how much you can personally cover on a claim before the insurance takes over,

I would get E & O no matter what. And some home owners insurance companies do not offer insurance when you run a business out of it. check it out

thanks

I think I'm just going to get E&O for now... thanks for the advice

Hey, As an insurance broker I would by all means have to agree with ToledoRules. If you are working from home on your own then unless you have people coming to your home for business purposes ie signing papers ect. Then your HO or RO insurance is going to cover injuries that occur on your property. Now as far as the E&O that is something that you by all means should have and keep in place for the life of your business. Even if you are an independent broker with no agents to make mistakes for you there are still several other opportunities for any of the others involved in a transaction to make a mistake and end up with everyone involved named on a claim. You have a listing agent, selling agent, appraiser, inspector, mortgage broker, escrow agent, ect all involved and able to make a mistake that is out of the scope of your professional ability yet you are still going to have to defend yourself and that can add up quick. Now you also must consider the fact that you may make a mistake even an honest one and end up being sued and having some kind of court judgment. As an independent broker without a Corporation in place you are risking your personal financial security.

YBE, try Cres Insurance in San Diego for pay per file E & O converage. Contace Joe Bogle at jbogle@cresinsurance.com or 800 880 2747 x 151

Is it possible for a salesperson to get their own general liablity insurance policy under their broker's company name primarily?