e&o News

Allied World North America Launches E&O Coverage for Professional Services

Allied World North America has launched Privacy//403 SRVS PRO, the latest product in the company’s suite of errors and omissions (E&O) products Privacy//403 SRVS PRO builds on the Specified Response Vendor Solution platform through the addition of professional services coverage. …

Risk Management Services Launches Group E&O Plan for Life, Health Agents

Risk Management Services (RMS) has established a group errors & omissions insurance plan for life and health insurance agents in partnership with Gotham Insurance Co. Applications must be submitted via the entity’s online quote facility; coverage can be bound through …

Burand’s Agency E&O Blog: Tip #35

Carrier Rating Notifications. What responsibility does an agency have to notify clients of carrier ratings? On new business, it is a good idea to list the carrier’s rating. However, if the carrier has an A.M. Best rating of less than …

Burand’s Agency E&O Blog: Tip #34

Personal Lines Liability Limits. If an agency has only offered a client $100,000 liability and they have a $300,000 claim, what do you think the answer will be when, on the witness stand, their attorney asks them whether they would …

MarketScout Wholesale Launches E&O Program for Independent Agents

MarketScout Wholesale (MSW) has formed an exclusive independent agents errors & omissions program.  In addition to professional liability, this program provides data breach/privacy protection as well as proactive risk and claims management resources. The Independent Agents E&O Plus program is available …

General Star Enhances Accountants Professional Liability Program

General Star Management Co. has made a series of revisions to the policy for its accountants professional liability program. Available exclusively via program administrator Pearl Insurance, the product is currently available in 28 states. The coverage is written on an …

After the Storm: Insurance Agents E&O Lessons Learned

More often than not, a second wave of claims against insurance agents by their clients follows a natural disaster. As parties find themselves without the coverage they expected after a catastrophe, it appears to be a natural reflex for them …

Burand’s Agency E&O Blog: Tip #13

Binding Summaries. A significant risk unrecognized by most producers and CSRs is the risk of being sued by the agency’s own insurance companies. A large proportion of E&O suits that make it all the way to court are brought by …

Schinnerer Adds Small Business Miscellaneous E&O Policy

Victor O. Schinnerer & Co., a managing general underwriter, is adding to its professional liability offerings with a new miscellaneous professional liability (MPL) insurance program for small businesses. Schinnerer serves as the access point for retail agents and brokers on …

Hard Market Generates New E&O Challenges for Insurance Agents

The soft market has made the job of insurance agents very difficult the last few years. Competition has been extremely fierce, and premiums so low that agents have had to fight for business and write more accounts just to maintain …