Without a doubt, purchasing or selling an insurance agency triggers additional errors & omissions exposure. What processes can successful agencies employ during a transition in order to help reduce their exposure to E&O claims?
Whether it’s organized as a sole proprietorship, a partnership, an LLC, an S-corp or a C-corp, or it uses multiple structures, understanding your agency’s legal structure could have important implications for the future of your business.
Insurance policies are intimidating. Follow these 11 rules to make sure you interpret them correctly.
Errors & omissions claims happen, and many of the worst ones—those in excess of $1 million—come from the same lines of business and involve similar types of errors.
Twenty-five years ago, Frank Jones and his wife found themselves in bankruptcy trying to support Jones’ younger brother, who was struggling with addiction. The experience drove Jones to found RecoveryReformNOW. “I couldn’t just say, ‘Somebody’s got to do
While the Family and Medical Leave Act provides a baseline for unpaid parental leave for both mothers and fathers, federal law does not yet comprehensively address paid parental leave—leaving individual states and employers to take matters into their own
Here are 10 suggestions for new agents that can help reduce your errors & omissions exposure.
When third-generation agent Holly Kabboord-Hemelgarn was asked to be part of the Florida Association of Insurance Agents’ Florida Future Insurance Leaders program, it gave her the confidence to “branch out from my dad’s shadow into being my own person,” s
Do you have ambitious goals for your agency? Or have you reached a level of success where you’re content?
Roman philosopher Seneca once said, “Luck is what happens when preparation meets opportunity.” This notion can do wonders for your agency.