You Didn't Tell Me!

If your agent leaves out the good parts, get your day in court.
Magazine Contributor
2 min read

This story appears in the March 2003 issue of Entrepreneur. Subscribe »

You thought you had coverage, but you didn't. Or maybe your didn't tell you about a particular type of coverage or advised you incorrectly, and you suffer a loss. Do you have recourse against your ? Possibly.

Increasingly, insurance agents are facing errors and omissions claims for failing to advise clients properly. "When someone is told there is no coverage, they need to investigate further and find out why," says Brian Gilchrist, an attorney with Allen, Dyer, Doppelt, Milbrath & Gilchrist, P.A. in who works a lot with insurance .

According to Gilchrist, some common mistakes for which agents are being sued include failing to procure adequate coverage; procuring coverage with unacceptable exclusions or conditions; selling policies from financially troubled carriers; renewing policies on different terms without notice to the insured; failing to offer additional or optional coverages; and failing to insure all necessary people, entities and property.

Gilchrist says agents should take the time to understand your and your needs. "The agent's duty is to act as more than a retailer of whatever policies are behind his desk," Gilchrist notes. If you suspect your agent of professional negligence, contact an attorney experienced in insurance law.


Jacquelyn Lynn is a freelance business writer in Orlando, .

loading...

More from Entrepreneur

We created the SYOB course to help you get started on your entrepreneurial journey. You can now sign up for just $99, plus receive a 7-day free trial. Just use promo code SYOB99 to claim your offer.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Entrepreneur Store scours the web for the newest software, gadgets & web services. Explore our giveaways, bundles, "Pay What You Want" deals & more.

Latest on Entrepreneur