Errors and Omissions Insurance is necessary in this industry. This professional liability insurance protects you from claims of negligence or failing to perform your professional duties.
Most carriers will require you to have your E&O in order to get appointed to sell their products. There's a total of 8 with SIG that do not require E&O, but these are not the most competitive. By purchasing E&O, not only are you coverage for liability, but your world of carriers is opened up to the most competitive available.
Below is the company we direct agents to purchase E&O. You can get this coverage from whatever carrier you would like, this is just one: