E&O Loss Control

While agencies carefully review policy language, coverage recommendations and client communications, many give far less attention to the content residing on their own websites.

Agents can distinguish themselves by helping clients identify, assess and mitigate the errors & omission risks that impact the cost and level of coverage they need.

Where is the line between helping applicants understand a question and improperly influencing or coaching their responses?

Without clear, documented standard operating procedures (SOPs), discrepancies can hold an agency back in an era where nimbleness and scalability matter more than ever.

While the advantages of artificial intelligence (AI) can be significant, these benefits come with risks. Here are five ways to manage your agency’s exposure.

An agency frequently insures rental properties where the ownership structure is not straightforward. How much guidance should the agent give on how the named insureds should be listed?

When ending a client relationship, agencies should focus on risk management, agency protection and maintaining coverage continuity during the transition.

Without a framework to guide decision-making, escalation and accountability, even the most promising AI initiatives risk stalling—or worse, creating hidden exposure.

Drawing on guidance from underwriters, claims specialists, agency consultants and defense counsel, here are a series of quick, practical steps agencies can take to reduce E&O exposure.

What are the reporting requirements of a liability claim to the carrier that doesn’t write the underlying coverage?