Nothing Standard About This Line of Business Typically, when looking to move an account from one carrier to another, you can count on some degree of similarity in policy forms. For the most part, a general liability policy with one …
What It Means to Your Customer and Your Agency Co-insurance penalty. Trust me these are not the words you want to hear from your customer right after a claim. How confident are you that your customers know: 1) if they …
Why Homeowners is a Major Cause of E&O Claims When reviewing errors and omissions (E&O) claims frequency by line of business, homeowners ranks third behind two commercial lines products (casualty and property). Focusing strictly on personal lines makes homeowners the …
Risks to Consider When Working With Contractors If you are running an agency, there is a pretty good chance you insure a contractor or two – whether they are your traditional artisan contractors or a class of contractors that falls …
Valuable E&S Market Must Be Navigated With Care For probably as long as the concept of insurance has been in existence, so has the excess and surplus (E&S) lines marketplace. It no doubt plays an extremely vital role in our …
When uttered together by a client, the five words in the headline of this article are — potentially — very dangerous words. Note the following claim and ask yourself, “Could this happen in my agency?” The insured apparently has a …
Why Agents Should Stress Importance of Umbrella Coverage When uttered together by a client, the five words in the headline of this article are – potentially – very dangerous words. Note the following claim and ask yourself, “Could this happen …
Having met the management of many managing general agencies (MGA), and managing general underwriters (MGU), I have been somewhat surprised by their perspective on their errors and omissions (E&O) claim potential. Some have recognized the issues that could lead to …
It is probably fair to say that just about every town has a restaurant or tavern. Thus, pursuing these commercial risks is probably close to a no-brainer. Before you take that first step, however, be aware that these risks do …
Understand Where Property Coverage Ends and BI Coverage Begins It would probably be rather difficult to find many agents unaware of business interruption coverage. Most recognize that for their business customers, business interruption (BI) coverage is extremely valuable. It is, …
