errors and omissions News

BHSI Launches E&O Coverage for Insurance Executives, Employees

Berkshire Hathaway Specialty Insurance (BHSI) has introduced Professional First Insurance Company Professional Liability Insurance, which provides customizable coverage for U.S. insurance companies, their executives and employees. The policy provides coverage for claims arising from alleged errors or omissions in the …

Directors & Officers Could Be Liable for Cyber Attacks: Marsh

Directors and officers need to be certain of their responsibilities relating to the prevention or management of a cyber event, or else they run the risk of being held personally liable should an attack against their firm occur, according to …

Texas Engineering Board to Review Flawed High School Stadium

The Texas Board of Professional Engineers is investigating whether laws or rules regarding professional practices were broken over flaws that closed a $60 million high school football stadium. The state’s engineering board is reviewing work at the Allen Independent School …

SeaFire Seeks Agency Partners for Dealership Programs in Oregon and Idaho

Overland Park, Kan.-based SeaFire Insurance Services is seeking new agency partners in Oregon and Idaho for its auto dealer and repair insurance program. SeaFire will consider appointments for retail insurance agencies with scale, brand, resources and auto dealer expertise. Agents can …

Burand’s Agency E&O Blog: Tip #43

Offering Cyber Liability. Almost without exception all businesses need cyber liability coverage today and yet relatively few have this vital coverage. The exposures can be significant both from an E&O perspective and a regulatory perspective. Therefore, consider offering all business …

Burand’s Agency E&O Blog: Tip #42

Policies Subject to Audit. Audits are one of the few E&O exposures agencies have that do not involve a claim. A good method for protecting the agency from audit related E&O claims is to disclose what policies are subject to …

E&O Insights: Restaurant and Tavern Risks

Chances are just about every town in the United States has a restaurant, tavern or pizza parlor. Pursuing this type of risk, then, is common. Yet before taking that first step, do your homework to help you understand that these …

E&O Insights: Directors & Officers Liability Is Not Your Normal Insurance Product

If you asked 100 insurance professionals on the agency side what one line of business “scares” them the most, it’s likely that directors and officers (D&O) liability would be at the top. The lack of standardization of policy forms contributes …

Homeowners not the Only Line of Coverage Affected by Texas Weather

It’s well known that Texas has some of the highest homeowners premiums in the nation — in large part due to the state’s vulnerability to violent weather. It may be less known that Texas has some of the highest insurance …

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 …