E & O Insurance

Errors & Omissions (E&O) insurance is designed to protect a company in the event of a lawsuit stemming from their normal business activities. Also known as professional liability insurance, E&O coverage is especially important in the highly litigious collections industry.

Many debtors file lawsuits against collection agencies under the federal Fair Debt Collection Practices Act (FDCPA), or other similar state laws. Suits filed under the Fair Credit Reporting Act (FCRA) and the Telephone Consumer Protection Act (TCPA) are also on the rise.

FDCPA lawsuits are rising every year. Even frivolous claims cost money to defend, and an E&O policy is a critical safety net for your business. Contact us for a free quote or policy review to make sure you have solid coverage at a fair price.

“In my time as both an agency and as a top debt purchaser I have never been approached with such a proactive program to support the collection industry as Tony and the team at Acumen have put together. It has been a breath of fresh air speaking with well rounded professionals who understand that our industry is in need of a company to deal with the intricacies of being properly insured while watching our bottom line.”

Dave Paris – CEO Zenith Aquisition
“Having spent my entire career within the collection industry, helping firms ensure that their business processes are providing them the best possible chance for long term success, I have never seen something quite as unique as what Acumen is doing for the ARM industry,”

Harry A. Strausser III President Remit Corporation & President of the Mid Atlantic Collectors Association
“Tony and His Team at Acumen Insurance Services were a pleasure to work with and extremely helpful in setting up our companies Insurance programs & employee benefits. He brought tremendous value to our programs , the enrollments and is efficient in every way. I would recommend them to any HR director / orginization to help in handling their Insurance & benefits”

Jaclyn Smith – HR Director Of Pennsylvania Debt Recovery Company