Latest Errors Omissions Headlines
All the headlines from our Errors Omissions Topic Page, ordered by recency.
Schinnerer Adds Small Business Miscellaneous E&O Policy
Oct 11 2012 // 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...
Burand’s Agency E&O Blog: Tip #12
Oct 10 2012 // Discussing Claims with Insureds. A common and often key personality trait of CSRs and producers is that they are people pleasers, especially relative to customers. When it comes to claims, being a people pleaser can get...
Academy of Insurance’s 2012 Fourth Quarter Schedule
Oct 8 2012 // October 11, 2012 The Real Meaning of the Property Damage Exclusion in the CGL Mary Anne Medina, Vale Training Solutions October 17, 2012 Insurance Distribution and Marketing Chris Burand, Burand & Associates...
Burand’s Agency E&O Blog: Tip #11
Sep 26 2012 // Unexpected Staffing Issues do cause E&O claims. Staffing is not usually the title of a PowerPoint slide in an E&O class but staffing is at the heart of many E&O claims. The simplest way in which staffing causes...
E&O Insights: Know the Details When Insuring Cargo
Sep 24 2012 // It’s important to know all of the details when looking to insure risks with a cargo exposure. Because no two risks are the same, the underwriter will look to the agency to provide those details to fully understand...
Burand’s Agency E&O Blog: Tip #10
Sep 19 2012 // Staff Licensing. Staff licensing may seem like such an obvious topic that it does not deserve even to be discussed in a blog. However, many facets exist to staff licensing that can and do create E&O exposures, and even...
Burand’s Agency E&O Blog: Tip #9
Sep 12 2012 // Certificates of Insurance, Part 2.Last week’s blog covered the reason certificates cause so many E&O mistakes due to processing errors. This week’s blog covers the second reason certificates of insurance...
Burand’s Agency E&O Blog: Tip #8
Sep 5 2012 // Certificates of Insurance. Certificates are probably the most frustrating aspect of processing commercial insurance today. A blog is not the place to detail the entire universe of certificate E&O exposures and...
All Risks, General Star Enhance Insurance Agents E&O Program
Aug 30 2012 // All Risks, Ltd. has enhanced its exclusive insurance agents errors & omissions program through General Star Management Co. Specialized coverage now features additional insolvency options, revised rates, no minimum...
NAS Launches Enhanced E&O Coverage for Healthcare Consultants
Aug 30 2012 // NAS Insurance Services has enhanced their E&O program for healthcare facilities with more coverages for consultants. The E&O product for healthcare consultants now includes: Cyber liability coverage ...
Hard Market Generates New E&O Challenges for Insurance Agents
Aug 22 2012 // 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...
Business Risk Partners to Offer LIU-Backed E&O, D&O Coverage
Aug 20 2012 // Program administrator Business Risk Partners (BRP) will underwrite three additional programs in professional and management liability offered through Liberty International Underwriters (LIU), the global specialty lines...
Want to Experience an E&O Claim? Here’s How
Aug 20 2012 // Editor’s Note: This article originally appeared in Insurance Journal’s Satire Issue, August 20, 2012. The content in this issue is not real and is not to be taken seriously. It’s supposed to be humorous....
R K Harrison Hires Rees to Lead New Cyber Risk Practice
Aug 14 2012 // Employee-owned, London-based insurance broker R K Harrison announced that David Rees has joined the firm to “head a dedicated cyber practice within its specialist casualty team, responding to the increasingly...
The Libor Scandal – an Ongoing Major Catastrophe
Aug 1 2012 // The scope of the investigations that are unfolding in the wake of the charges against Barclay’s Bank that it rigged the London Interbank Offered Rate (Libor) have taken on the proportions of a major...
5 Ways How Not Using Coverage Checklists Benefits an Agency
Jul 31 2012 // I’ve written extensively about how the use of coverage checklists benefits an agency. The benefits include significantly reduced errors and omission (E&O) exposures, enhanced reputations, better sales, and last...
General Star’s Real Estate Appraiser E&O Program Now Available in N.Y.
Jul 25 2012 // General Star Management professional liability coverage for real estate appraisers has been approved and is now available in New York on an admitted basis. Underwritten by General Star’s Professional E&O...
5 Benefits of an Agency NOT Using Coverage Checklists
Jul 23 2012 // I’ve written extensively about how the use of coverage checklists benefits an agency. The benefits include significantly reduced errors and omission (E&O) exposures, enhanced reputations, better sales, and last...
E&O Insights: Keep Eyes Wide Open When Handling E&S
Jul 23 2012 // The excess and surplus lines market has been around a long time. It has served the insurance marketplace well, providing specialty coverage and writing tough-to-place risks. While activity in the E&S market is...
Burand’s Agency E&O Blog: Tip# 7
Jul 19 2012 // Voice mail disclaimers. Most agencies today have standard voice mail disclaimers that state something to the effect of, “No coverage can be bound or obtained by leaving a voice mail.” I support this...
