Should Agencies Offer Business Reopening Advice?
An agency has several clients that are nonprofit private swimming pool clubs. They are looking to the agency for help to reopen safely, including advice with waivers and standard procedures.
E&O Loss Control
Should an Agent Report a Claim They Heard About on the News?
An insured is under scrutiny by media and news outlets for what reporters are alleging is improper employee terminations. If the insured’s agent sees the news, is there any duty on the agent’s part to report the potential claim to the insurer?
Insuring a $25 Million Building for $1 Million: E&O Waiting to Happen?
A prospect bought a warehouse for $1 million. The replacement cost is $25 million but the owner only wants to protect their investment and has said they wouldn’t replace the building in the event of a total loss.
Should an Agency Inform Insureds of Cancellations for Nonpayment?
Should agents let the insured know and track down the premium past due or just let the policy lapse?
