Knowledge. E&O risk management knowledge can be generally divided into two categories. The first category is coverage knowledge. The second...
agency errors and omissions News
Know Your Binders. Improperly written binders are one of the most significant exposures agencies have to being sued by their...
As Americans do their best to plan for retirement, all it takes is a visit to a financial planner to...
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...
Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These...
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...
Once again, Insurance Journal is polling its readers asking for their thoughts on today’s agency errors and omissions market. Don’t...
Binding Summaries. A significant risk unrecognized by most producers and CSRs is the risk of being sued by the agency’s...