Your client has the gold star of homeowners coverage: special form coverage, replacement cost on dwelling and contents, and inflation guard. The carrier does its magic at renewal and voila!…
“Once the toothpaste is out of the tube, it’s tough to get back in,” H.R. Haldeman, White House chief of staff under the Nixon Administration, famously observed. Half a century…
“Full coverage.” Does that phrase sound familiar? It should because we’ve heard it said by claimants in errors & omissions claim after errors & omissions claim. Why does the insured…
By: Richard Lund This may seem like an unusual way to start a discussion about insurance agents’ errors and omissions risk management, so please bear with me. The more lengthy…
Agencies have many options available for the placement of their E&O coverage. For some agencies, one of the options is purchasing E&O coverage directly from one of their appointed carriers.…
How long to keep policy information continues to challenge today’s insurance agencies and brokerages.
Increasingly, courts and legislatures around the country have offered insurance professionals a parachute of sorts to save the day in the event of an errors & omissions claim. Sometimes it’s…
Every fire loss claim covered by an insurance policy begins and sometimes ends with the agent who sold the policy. However, avoiding an E&O claim related to a fire loss…
“If I’d only sent them the policy, then I wouldn’t be in this mess.” And if I had a nickel for every time I heard that from an agent when…
It happens to many agents. Aunt Sally and Uncle Bill purchase some retail space and plan to rent it out. They need insurance and, of course, contact you since you…
