Professional Liability

With coronavirus complications affecting rates, exclusions and risks, many independent agents will be forced to rethink how they approach directors & officers coverage.

The directors & officers market saw a hardening at the beginning of the year, and the coronavirus pandemic has caused even more disruption.

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

Directors & officers insurance certainly has been in the press recently—boards of directors are concerned over price increases and lawsuits related to COVID-19.

It’s safe to say 2019 was an interesting time in the directors & officers insurance space, and the coronavirus pandemic isn’t making things any easier.

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

The employment practices liability insurance industry has never sailed on smooth seas, and the near future of the market is no different.

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.

In a competitive market, agents can gain an edge on the competition and reel in new business by thinking outside the box when it comes to clients and services.