Don’t Get Hit: Offer Assault and Battery to Avoid an E&O Claim
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.
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.
There are myriad of issues that can lead to a claim against accountants and E&O coverage provides the necessary protection.
The coronavirus pandemic played a dramatic role in the acceleration of technology in companies, leading underwriters to scrutinize businesses’ exposures and the safeguards they have in place.
You and your customers have been battered these past few years by various catastrophes of near-biblical proportions. Your customers don’t just want a good year, free of missing coverages and underinsured losses. They need it.
In 2021, the Great Reopening brought with it a return of the auto errors & omissions claim. Swiss Re received 183 of them last year and 2022 is on track to surpass it.
Your commercial clients could be leaving a huge risk exposed if they don’t reckon with diversity, equity and inclusion (DE&I).
The new offering provides errors & omissions (E&O) coverage for individual residential and commercial real estate appraisers.