Understanding the ins and outs of billing

Maintaining Errors & Omissions insurance coverage not only ensures that you meet the contractual agreements set forth by WFGIA and, if applicable, TFA, it also provides you with the peace of mind and protection you need should you find yourself defending your business against a costly E&O claim.

Billing made easy 

Your premium is broken down into four equal installments, and your policy terms run from August 1 of the current year to August 1 of the following year. To avoid a lapse in coverage, you are billed 45 days before your next installment due date.

If you need to make any adjustments or have questions regarding your bill, please contact our dedicated advisors at (800) 380-0451, Monday - Friday, 8am - 5pm CT, or email us at EandOServices@Marsh.com. Our team is available to help answer any questions you may have.

Now let’s take a deeper dive into understanding how billing works for your E&O insurance coverage through the Marsh Insurance Program. Following are a few helpful tips so you better understand, anticipate and manage the E&O billing process with ease:

Tip 1: You will receive an e-mail notification from Marsh 48 hours before the pending payment deduction for your coverage renewal.

Tip 2: The charge on your credit card billing statement may show as Insurance Premium or Marsh USA, Urbandale, Iowa. Please do not dispute the charge. Instead, please call us to verify the validity of the charge.

Tip 3: If your credit card has changed or expired, please contact Marsh as soon as possible to update your payment details.

Tip 4: Contact your issuing bank and inform them of your recurring charge.

Tip 5: Validate your daily credit limit and ensure the limit can accommodate the upcoming charge.

Tip 6: If you prefer to make a one-time payment through Marsh’s automated system, please call (800) 380-0451, extension 3, and follow the prompts for automated payment. Please have your customer number and business zip code ready to allow us to correctly apply your payment through the automated system.

Not having E&O insurance coverage can put your business at risk and may be a financial challenge if you’re not covered.

Want to learn more? Watch our video titled What is E&O Insurance?  to learn about the benefits of having this coverage as part of your overall business strategy.