Risk Transfer: E&O Issues When Buying or Selling an Insurance Agency
Buying or selling an insurance agency or its book of business is, to say the least, a major decision. There are a host of factors for both the buyer and…
Agency Management
You Too: Why Employment Practices Liability Insurance Makes Sense for Every Business
Buying or selling an insurance agency or its book of business is, to say the least, a major decision. There are a host of factors for both the buyer and…
The Life of an E&O Claim
In some cases, the agency has really made a mistake, but in others the agency is a victim of circumstance and in hindsight would have behaved the exact same way.…
“Sorry” Seems to Be the Hardest Word
I admire a person who can admit it when they’re wrong. In fact, it’s an important part of a healthy relationship. However, there’s a unique relationship that requires a delicate…
Hidden Costs of an Agency Errors & Omission Claim
In today’s increasingly litigious world, even clients you have a solid relationship with can file an errors & omissions (E&O) claim against your agency if they believe you made a…
Disclaiming Disclaimers: Be Careful Using Narrow Disclaimers
By: Chris Boggs Because of the questions surrounding insurance protection for COVID-related claims, agents from around the country are considering including COVID-related disclaimers in proposals, renewals, and any other document intended…
Inadequate Replacement Cost – A Follow Up
By: Richard Lund Building material costs have increased dramatically during COVID because supply has not been able to keep up with demand for many reasons. As a result, IIABA’s Risk Management…
Desperately Seeking Professional: 5 Ways to Avoid E&O Claims When Working with Professional Services Clients
By: Matthew Davis Brand consultant David Airey once said: “Without professionalism, I’d be an amateur, and the clients I want don’t hire amateurs.” But here’s the thing about having a professional…
Spring Forward: Are Your Clients’ Grown-Up Toys Properly Covered?
By: Caryn Mahoney Brand consultant David Airey once said: “Without professionalism, I’d be an amateur, and the clients I want don’t hire amateurs.” When thoughts turn to spring and your clients…
E&O Exposures: Increased When Working from Home?
By: Chris Boggs Focus is key! From an errors and omissions (E&O) perspective, agents cannot lose focus during this disrupted work setup. Working from home does not change the fact that…
