A softer-than-expected market kept insurance premiums for technology companies down or flat in some lines in 2024, according to a new report from business insurance platform Embroker. Embroker’s 2024 Business Insurance Index: Tech Sector found average errors & omissions/cyber premiums …
“What are the hardest lines of insurance to write for cannabis businesses?” That question took Stephanie Bozzuto, co-founder of Cannabis Connect Insurance, down a long mental list. Bozzuto has been in the insuring cannabis business for years, so she knows …
Cincinnati, Ohio-based Norman-Spencer is growing its current real estate errors & omissions (E&O) program by creating an exclusive Risk Purchasing Group (RPG) with The Hanover Insurance Group. Exclusive coverages within the program include E&O insurance for real estate agents (including …
This post is part of a series sponsored by The Hanover Insurance Group. As these and other companies expand the scope of their businesses and assume new risks, there are increasing opportunities for independent agents to counsel manufacturing clients and …
Ask any agent who has suffered through an errors and omissions (E&O) suit and they will provide sage-like insight into the professional and even personal trials created by such an ordeal. Years ago I met an agent who, just four …
Allied World North America has launched Privacy//403 SRVS PRO, the latest product in the company’s suite of errors and omissions (E&O) products Privacy//403 SRVS PRO builds on the Specified Response Vendor Solution platform through the addition of professional services coverage. …
Risk Management Services (RMS) has established a group errors & omissions insurance plan for life and health insurance agents in partnership with Gotham Insurance Co. Applications must be submitted via the entity’s online quote facility; coverage can be bound through …
Carrier Rating Notifications. What responsibility does an agency have to notify clients of carrier ratings? On new business, it is a good idea to list the carrier’s rating. However, if the carrier has an A.M. Best rating of less than …
Personal Lines Liability Limits. If an agency has only offered a client $100,000 liability and they have a $300,000 claim, what do you think the answer will be when, on the witness stand, their attorney asks them whether they would …
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 …
