E&O

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.

Before buying or selling an agency, thinking about errors & omissions issues beforehand will help avoid difficulties down the road.

Insurance agents need to be careful and take appropriate steps to avoid errors & omissions claims that allege they failed to offer uninsured/underinsured motorist and umbrella coverage.

Before placing errors & omissions coverage with any carrier you are appointed to represent, consider these five factors.

How inadequate training, merger & acquisition slip-ups and faulty technology processes cost agencies.

A prospect bought a warehouse for $1 million. The replacement cost is $25 million but the owner only wants to protect their investment and has said they wouldn’t replace the building in the event of a total loss.

Here are a few simple reminders that will help insurance professionals avoid many of the errors & omissions pitfalls associated with the procurement of builders risk policies.

Wouldn’t it be nice to know? This month’s Student of the Industry article takes a look at the data.

With a $5-million aggregate limit in place, most agencies believe they are unlikely to be overcome by a series of small, unrelated claims in a single policy period. There is some truth to that but some peril, as well.

If your agency needs to use an interpreter to communicate with a customer, do you know what you need to document about the exchange?