Independent agent Frances Blanks started her agency when the chief judge of the county probate court asked her for help. “I put everything together—the companies, space and everything necessary to run a business,” she says.
Although agents work hard to avoid facing errors & omissions claims, many are not aware of potential issues that can arise when handling bonds. Here are some common surety-related missteps that can create E&O exposures—and how to avoid them.
After working in the auto dealership business for 12 years, Shawn Gustafson needed a change. He never guessed the surety business would be the perfect fit.
In the wake of the construction recession in 2009, surety clients are in dire need of sound advice and guidance from their insurance agents.
