Malpractice is the technical term for when a licensed professional fails to meet established standards in their industry. Usually when people think of malpractice, they think of doctors or maybe of lawyers. Accounting professionals can also commit malpractice.
It isn’t that hard to figure out how mistakes or misconduct by attorneys, doctors or financial professionals would negatively affect you. However, the idea that an insurance agent could commit malpractice may seem strange.
What does such malpractice likely involve?
Not acting in the best interests of clients
Insurance agents occupy a precarious position. They have obligations to the clients that use them for their insurance policies, but they also need to stay on good terms with the insurance companies. Agents should help their clients get the coverage that they paid for with their policy, especially if they believe the company has engaged in bad faith insurance practices to deny coverage that they should provide it.
Some agents might instead side with the insurance company instead of advocating for their clients to help them get the coverage they require. Such inadequate support as an agent might constitute professional malpractice.
Giving a customer bad advice
The average person doesn’t really understand how insurance works or what liability risk they have. They depend on their insurance agent to identify those risks and help them get the right coverage for their needs. If an insurance agent completely overlooks an area of liability and leaves someone uncovered, they could face malpractice claims if that client loses money in the future.
Taking action when professional malpractice negatively affects your family help you seek justice and compensation.
