Are adjusters required to have errors and omissions insurance in Colorado?

In Colorado, while it is not mandatory for adjusters to carry errors and omissions (E&O) insurance, it is highly recommended. This type of insurance provides financial protection against claims of negligence or inadequate work, which could arise during the course of an adjuster's duties. While the state does not impose a requirement for all adjusters to hold E&O insurance, having it can significantly benefit an adjuster in safeguarding their professional reputation and finances, especially in a field where there is a potential for disputes about the handling of claims. Thus, the correct answer reflects the advisory nature of E&O insurance in Colorado rather than a strict mandate.