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In today’s personal lines environment, operational challenges are not just business hurdles; they can also translate into rising errors & omissions exposure for independent agents.

The rise of AI is poised to transform independent insurance agencies however, increased adoption is prompting essential discussion regarding the errors & omissions implications of its use by agencies.

The rapid growth in data centers has brought new challenges and a growing need for sophisticated insurance solutions to manage such risks.

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

Proactive conversations with clients about catastrophe risks can surface potential coverage gaps and open the door to more forward-looking planning.

Agents must strike a balance between recommending suitable coverage and refraining from providing opinions on whether specific losses are covered under a given policy.

Seventy-three percent of independent insurance agencies saw an increase in their agency errors & omissions renewal premium in 2024.

Here are five proactive ways to maximize your chances of successfully defending against an errors & omissions claim.

As the market for real estate agents has continued to change, one of the results has been an increase in the frequency and severity of claims made against them.

The wave of post-pandemic lawsuits has prompted independent insurance agents to review their errors & omissions (E&O) coverage and risk mitigation strategies.