Commercial Lines

Insolvency and errors & omissions risk go hand in hand and when claims aren’t settled, insureds may turn to the agent for restitution. Here are four lessons from a real case.

Insurers are seeing an increase in claims frequency and severity in the employment practices liability insurance market and are watching the trends that are continuing to put pressure on it.

“Due to the most recent few years and what we have been seeing in the media, I expect more and more claims to be filed,” says independent agent Karyn Roeling, “which will continue to make this market harden into the future.”

EPLI claims can be some of the biggest liabilities companies face today, and for many smaller companies it can mean closing their doors permanently.

Munich Re Specialty Insurance’s Senior Living Facility product includes shared and per location professional and general liability limits, employee benefits liability and employers liability.

Company owners should consider employment practices liability coverage as essential for protecting their business beause it’s not a matter of if a claim is made, it’s a matter of when.

Price volatility and human exploration are only some of the challenges in the space insurance industry.

COVID-19 has forced many businesses to operate remotely, creating additional cyber risks for companies. Agents are in a great position to help ensure clients have appropriate coverage in place during renewal.

“Right now, the big challenge is placing difficult and high-value risks,” says independent agent Robert Lamb. “We do a lot of oil and gas equipment and those numbers can get fairly high.”