How to not get sued as a cat adjuster

A frequent question I receive from new people is:  "where should I buy E&O insurance?"  I actually had to look that up more recently than I care to admit.  

What is E&O?  It's Errors and Omissions insurance.  Essentially, it protects a person or company from claims of negligence.  In the case of claims, if an adjuster's actions can be construed as negligent and that results in a material loss to another party, they might have a claim against that adjuster.  

I personally don't have it because the vendors I work for have assured me that they have protections in place for their adjusters if a claim ends up in court.

*I'm not advising to NOT get E&O insurance.  That's a personal choice.  Remember also that being sued for negligence is not the same as having to give a deposition on a claim.

The other thing that I've heard is that "it's not IF but WHEN you'll end up having to do a deposition in court."  I've got 20 years in the business and closing in on 10,000 claims of all kinds under my belt.  Not once have I ended up in a court room on a claim (knock wood).

Am I just lucky?  Or is it something deeper?

Watch the video and find out!

Mathew Allen

I teach new catastrophe adjusters how to get started in the business.  I also build my own websites and sites for friends (who sometimes pay me).  In addition, I film and produce personal adventure videos for hunting and fishing clients.