Professional Liability MGA for Brokers: A Quick Guide
Understanding the role of a Managing General Agent (MGA) and the importance of professional liability insurance is crucial for any insurance broker. MGAs specialize in underwriting and managing insurance policies on behalf of insurers, providing expertise and resources that brokers may not have in-house. This partnership allows brokers to offer more comprehensive and specialized coverage to their clients. Professional liability insurance, often known as Errors and Omissions (E&O) insurance, is vital for