Magazine

To mitigate the risk of an errors & omissions claim, insurance professionals need to approach offering umbrella coverage with diligence and consistency.

Rising costs within the sector threaten coverage affordability and, in the long run, availability. Yet, insureds still need coverage.

Regular attention must be paid to keeping underlying coverages in place without any gaps, offering higher umbrella limits and recommending uninsured motorist/underinsured motorist coverage.

​Hi, Santa. It’s Brian, your favorite agents and brokers errors & omissions claims handler, writing after a year of diligently navigating the complexities of E&O claims.

In today’s volatile market, independent agencies face various emerging challenges that can lead to significant financial consequences.

Small businesses may be tempted to eliminate professional liability coverage, especially when they haven’t had any claims—that is not a good idea.

As agency managers strive to perpetuate their agency, here are key areas to focus training and administrative efforts to reduce errors & omissions exposures.

Mistakes happen. Professional liability insurance protects both your customers and your personal assets.

Before implementing artificial intelligence in your agency, understand the product and what it can do, Test the product before purchasing it, and simultaneously use human processes.

Generally, when consumers feel they are paying more and receiving less in return, problems arise.