Skip Ribbon Commands
Skip to main content
OTHER PAGE

The Role of Agency Procedures in E&O Loss Control

An insured has a loss that exceeds her policy limits. She claims that, a short time ago, she had called and increased her limits. The agency has no record of such a call. The adjuster has suggested that she recover the remainder of the claim from the agency's E&O policy. Without documentation, how does the agency defend itself? Answer: a written agency procedures manual that incorporates the "invariable practice" principle.

Big ‘I” members must be logged in to view all the content on this page.
 

image 
 
​127 South Peyton Street
Alexandria VA 22314
​phone: 800.221.7917
fax: 703.683.7556
email: info@iiaba.net

Follow Us!

​Empowering Trusted Choice®
Independent Insurance Agents.