E&O Guardian/Professional Liability

Across the real estate E&O sector, six-figure claims against property managers are becoming more typical.

It is possible to offer a quote without substituting your judgment for your customer’s, which is a leading cause of E&O claims.

Here are six of the most common misconceptions the general public shares about flood coverage, which affect an agent’s ability to sell a flood policy.

​Lucky is the insurance agent whose commercial client’s state of residence never changes and all their employees live and work in that same state. But, of course, life is never that simple.

New organizational changes often mean new risks.

Any business where the threat of physical harm could occur on or near the premises has an assault and battery exposure. It is not limited to liquor stores, restaurants and bars.

Inadequate limits are an all-too-common claim in independent insurance agency E&O. And with inflation today outstripping even the inflation guards inserted on some policies, these claims are becoming more frequent.

Mortgage lenders are requiring agents to supply a replacement cost estimate (RCE) for refinance closings. Is this something the agents should be doing?

It’s no surprise that auto policies generated the most errors & omissions claims in 2022, fully rebounding from the 2020 trough caused by a reduction in miles driven and replaced policies.

The use of certain words or phrases can suggest an insurance professional is acting as a risk advisor or fiduciary as opposed to the typical arm’s-length business relationship.