does it cover non-solicitation agreement

Message Author
delicious-small Add to delicious
yahoomyweb-small Add to YahooMyWeb
blinklist-small Add to BlinkList
PostPosted: Tue Mar 31, 2009 5:03 pm   Post subject: does it cover non-solicitation agreement  

I left one financial bank as a financial advisor to go indepentant with large indepentant brokerage co.;I took out EOM ins. & i'm presently being sued by the co. i left. I did sign a non -solicitation form when hired with the co. i left .Does EOM ins. cover me & att'y fees?.

New member
Leave a quick message

Joined: 31 Mar 2009
Posts: 1

1.30 Dollars($)

PostPosted: Wed Apr 01, 2009 1:57 am   Post subject:   

Welcome to the forum, joseph.perri, and I hope this works out ok for you.

Your "EOM" insurance...I'm assuming you're referring to "errors and omissions" insurance, (which I usually see as "E&O") so forgive me if I've misinterpreted your question.

I think you said that you're being sued for violation of a non-compete agreement, is that right? If that's the case, your E&O unfortunately won't cover it.

Errors and Omissions coverage is intended to protect against liability incurred due to a client suffering a financial loss as a result of an error or an omission committed by you in the delivery of your professional services. It't not intended to protect you from (sorry 'bout this) an intentional tort violation.

Not the news I think you were hoping to read I'm afraid. If you could give us some additional details as to what happened without being too specific (we want to remain anonymous here in this sense), we might be able to help you out. There's a lot of experience here, so if you're willing- so are we.

InsTeacher Cool

Forum Expert
Leave a quick message

Forum Expert

Joined: 13 Aug 2007
Posts: 1398

Location: Oregon, USA
127.26 Dollars($)

PostPosted: Wed Apr 01, 2009 4:15 am   Post subject:   

EOM is also an insurer firm. Anyway, your case seems to be not liable for the coverage you are asking for. Insurance coverage is a helping hand to protect unavoidable risks. e.g if there was wrong shipping of a product and you lost your customer, then insurer will cover you for shipping delays. But you cannot be lible if the enquiry report proves intentional wrong shipping. But please, provide on few more details on type of insurance and the company, etc..

Leave a quick message

Joined: 11 Dec 2008
Posts: 73

0.12 Dollars($)

Quick Reply
Your Name
Message body
All times are GMT
Page 1 of 1

Get a Quote
Ask Community Experts

flash plugin

Quick Links

Must See


Hot topics in forums

Latest in blogs

    Connection Error: Connection refused