As part of their agency’s best practices, many agents require their commercial clients to obtain hire and non-owned coverage to protect the agency against errors & omissions claims when their…
Today’s insurance agents and brokers must recognize new and emerging risks and rapidly evolving coverage limitations to help best protect their customers. For over two decades, Verisk, or ISO as we old-school…
Obtaining business through an Agent or Broker of Record (AOR/BOR) is a popular sales tactic these days. Our Ask an Expert service answers the question: Should we obtain a new…
Workers’ compensation fraud experts estimated in 2022 that work comp fraud cost the U.S. $34 billion (about $100 per person in the US) annually. This number excludes self-insured employers. This…
If you’re working with small-to-mid-sized businesses (those earning between $10 million to $1 billion in revenue or employing between 26 to 1,000 people), chances are most of your clients do…
Your agency’s website and its marketing material can be a landmine of E&O exposures. Read this article to learn more and find links to various articles and guides to help…
There is little denying that we are in an era of escalating uncertainties. As a long-term risk manager, each year I read the Global Risks Report, which offers a comprehensive…
Generative artificial intelligence (AI) is transforming how the insurance industry does business. However, it’s also triggering a wave of legal and insurance challenges. With at least 11 major lawsuits currently…
Ask an Expert questions and answers provide strong resources to our agents. As you know firsthand, requests for certificates of insurance wording are currently bordering on “theatre of the absurd.”…
Most agents are very familiar with reporting requirements on occurrence policies. The occurrence happens—a tenant fire, a slip and fall, a dog bite—and the insured knows almost instinctively to report the claim. The trigger…
