Do you have standardized procedures? One of the terms key to understanding E&O exposures is, “invariable practice.” In other words,...
Articles by Chris Burand
Knowledge. E&O risk management knowledge can be generally divided into two categories. The first category is coverage knowledge. The second...
Many advisors suggest agents simply jettison small commercial accounts. But sometimes small is good. When small accounts are processed and...
Know Your Binders. Improperly written binders are one of the most significant exposures agencies have to being sued by their...
Is Your Agency Still Accepting Cash Payments? Relatively few agencies today, at least relative to ten years ago, are accepting...
Have You Updated Your Procedures to Cover Handheld Devices? Without question, handheld devices, whether they be simple phones, pda’s, or...
Very often in agencies I see, parents and their child/children make a spoken, but not formal, agreement for the child/children...
Below are four agency E&O tips, taken from Chris Burand’s E&O Blog found exclusively on InsuranceJournal.com. Divorce In personal lines,...
Review Your E&O Carrier’s Requirements for Carrier Writing Standards. There’s a myth going around that if an agency writes with...
Proper Authorization. I recently saw a situation where, in a divorce, one spouse deleted the prized vehicle of the soon...