“All the World’s a Stage…”
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…
E&O Guardian
Should an Agency Purchase E&O Coverage from One of Its Carriers?
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.…
A Policy Archeologist Talks Policy Records Retention
How long to keep policy information continues to challenge today’s insurance agencies and brokerages.
Paradigm Parachute: How Agents Can Take Advantage of E&O Defenses
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…
“Where’s the Fire?” Avoiding E&O Claims from Fire Losses
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…
“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…
One-Offs: Learn It or Refer It to Avoid an Errors & Omissions Claim
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…
Good Riddance: A Look Back At the Causes of Errors & Omissions Claims in 2020
Writer and philosopher George Santayana is remembered for the phrase, “Those who cannot remember the past are condemned to repeat it.” Given the current state of affairs—coming off 2020 and…
In the Box: 9 Common E&O Claims Against Agencies from Past Hurricane Seasons
If you’ve forgotten what’s coming this month, you can be forgiven. COVID-19 has been front and center in our lives for so long that it’s difficult to look beyond it.…
To Cancel or Not to Cancel, That is the Question
Just as you are probably receiving a lot of questions from your customers about how their insurance will respond to the events surrounding the Coronavirus/COVID 19, we are also receiving…
