Question: How does errors and omissions insurance protect agents or agencies? 1 . It covers acts of fraud or criminal intent. 2 . It protects clients

How does errors and omissions insurance protect agents or agencies?
1. It covers acts of fraud or criminal intent.
2. It protects clients from an agent's misuse of funds or repeated misrepresentation.
3. It allows the agent to set the question of ethics aside.
4. It acts as a safety net against inadvertent acts that harm clients.

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