Jan 21 2025 25 mins
A must-watch for any licensed professional! Unlock the secrets to safeguarding your professional future with insights from Mark Rafail of the Rafail Insurance Agency. Discover why errors and omissions insurance (E&O) is the essential safety net for professionals in advisory roles, from real estate to healthcare. Mark shares his expertise on the differences between general and professional liability insurance, highlighting how E&O can shield you from financial setbacks, even when faced with unfounded lawsuits. Listeners gain an understanding of how this critical coverage can protect against costly legal fees and offer peace of mind in the tumultuous world of advisory services.
Explore the landscape of insurance policies every professional should consider. Our conversation doesn't stop at E&O; we delve into the importance of comprehensive coverage including general liability, cyber liability, and employment practices liability insurance. Mark guides us through the nuances of selecting the right insurance carrier and clarifies the distinction between subcontractors and employees to ensure proper coverage. Whether you're a seasoned expert or just starting your career, this episode equips you with the knowledge to tailor insurance policies to your business's specific risks, securing your livelihood against unforeseen challenges. Know Your Regulator, the podcast that inspires you to engage.
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Mark Rafail is an accomplished insurance professional with over 17 years of experience, holding licenses in Property & Casualty, Life & Health, and Series 6 & 63. In 2009, he co-founded the Rafail Insurance Agency (https://www.rafailinsurance.com/) with his wife, Sylvia Rafail, where he quickly earned accolades including Rookie of the Year and Business Insurance Agent of the Year out of 50+ agencies. Mark's dedication to excellence was further recognized when the Rafail Insurance Agency was named Houston Chronicle’s Best Insurance Agency in 2020/2021. Today, as an Independent Broker, Mark leads a team of 8 licensed professionals, providing comprehensive insurance solutions including Professional Liability, Cyber Liability, Employment Practices Liability, Workers Compensation, and more, to over 5,000 clients. His expertise in business insurance has made him a trusted advisor to companies seeking tailored coverage to protect their assets and employees.
Get more information, details and resources on Know Your Regulator - https://www.belolaw.com/know-your-regulator