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E & O Exposure

Since the dawn of direct bill, Independent Agents have been taught to avoid accepting payments at all costs to avoid E&O Exposure.

The E&O exposure is in taking a payment for a policy not in force or taking a payment too small an amount to keep a policy in force. In these cases, Estoppel laws often protect the insured and penalize the carrier and agent in the event of claims.

Hub2Pay technology makes these two legitimate points no longer valid.

Secure electronic data requests made to the insurance carriers' system confirm both that the policy is in force and the minimum amount due. This is the exact same information they present today on their own payment pages. This data can be securely , accurately and inexpensively passed to your authorized agency payment pages with Hub2Pay.

Industry Leader in Insurance Electronic Payments