The Ins and Outs of E&O Insurance with Matt Woodford and Angela Schroder

Retirement Inside Out with Tom Lamendola

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