Welcome back to the Retirement Inside Out podcast! Today we are joined by two very special guests, president of Independent Property & Casualty Group, Matt Woodford, and president of U.S. E & O Brokers, Angela Schroder. They are sitting down with us to talk about all things Errors and Omissions (E&O) Insurance- from making sure you have the right coverage to how often you should review your coverage. As your business grows and carriers and policies change over time, this is a critical step that you do not want to miss.

Join us as Matt and Angela take a deep dive into the misconceptions and risks associated with inadequate insurance, emphasizing the need for comprehensive evaluation, and understanding of policies. With real-life examples and practical insights, they highlight the significance of E&O coverage and the importance of understanding policy exclusions, claims triggers, and more.

Here’s some of what we’ll discuss in this episode:

• Considering the business type, revenue, and comprehensive protection for the organization, rather than individual employees. (3:09)
• Seeking expert advice and reviewing your insurance coverage when there are changes in your business is critical. (9:53)
• The importance of understanding policy details, exclusions, and claims triggers to ensure adequate protection + annual reviews. (17:01)
• Do not just pay for the policy, make sure it’s the right one. (23:43)
• Angela’s recommendation for those retiring from their business and looking to protect their family and estate moving forward. (28:40)
• Matt shares about the new program offered through IPCG to help financial professionals understand the E&O space. (31:30)

Learn more about Matt:

https://www.linkedin.com/in/matt-woodford-b081371/

Learn more about Angela:

https://www.linkedin.com/in/angela-schroder-1a288a37/

Learn About FIG: https://www.figmarketing.com

800-527-1155