All the headlines from our Errors Omissions Topic Page, ordered by recency.
Dec 17 2012 // New entrants into the insurance industry are often triggered by the market showing signs of hardening. After all, these “newbies” have a better chance of securing a healthy rate by not having to pay for...
Dec 14 2012 // Victor O. Schinnerer & Company, Inc. has launched a new real estate errors and omissions (E&O) policy form. The new policy provides additional coverage enhancements for real estate professionals and will be...
Dec 13 2012 // NAS Insurance Services has launched a broader professional liability insurance program for tutors that provides coverage for their E&O and abuse or molestation exposure on one policy. The program offers a simple...
Dec 13 2012 // As Americans do their best to plan for retirement, all it takes is a visit to a financial planner to realize the importance and value of long-term care insurance. The goal of purchasing it is two-fold: retaining as much of...
Dec 5 2012 // Is Your Agency Still Accepting Cash Payments? Relatively few agencies today, at least relative to ten years ago, are accepting cash. Technology will reduce cash payments even more. The means to never accept another cash...
Nov 28 2012 // Have You Updated Your Procedures to Cover Handheld Devices?Without question, handheld devices, whether they be simple phones, pda’s, or smart phones, have transformed agency communications. Agency producers and staff...
Nov 27 2012 // Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and...
Nov 9 2012 // Torus has expanded its U.S. management liability and professional lines practice with the addition of two new specialty insurance products: media liability coverage for the media & entertainment segment; and financial...
Nov 5 2012 // It seems that every year commercial property is one of the top three lines of business generating errors and omissions (E&O) claims against agents. Because most agents insure a fair number of commercial buildings, this...
Nov 5 2012 // Below are four agency E&O tips, taken from Chris Burand’s E&O Blog found exclusively on InsuranceJournal.com.Divorce In personal lines, it is important to verify that the person requesting a change in...
Nov 5 2012 // Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and...
Oct 31 2012 // Review Your E&O Carrier’s Requirements for Carrier Writing Standards. There’s a myth going around that if an agency writes with a carrier rated B+ or better by A.M. Best, their E&O policy will cover...
Oct 24 2012 // Proper Authorization. I recently saw a situation where, in a divorce, one spouse deleted the prized vehicle of the soon to be ex-spouse to spite that person. Not knowing of the divorce, the agency complied. Of course the...
Oct 17 2012 // Once again, Insurance Journal is polling its readers asking for their thoughts on today’s agency errors and omissions market.Don’t miss your chance to find out what’s been going on with insurance...
Oct 17 2012 // Binding Summaries. A significant risk unrecognized by most producers and CSRs is the risk of being sued by the agency’s own insurance companies. A large proportion of E&O suits that make it all the way to court...
Oct 12 2012 // OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group, Ltd., has launched a new non-admitted lawyers’ professional liability product for law firms in certain areas of practice.“This...
Oct 11 2012 // Once again, Insurance Journal is polling its readers asking for their thoughts on today’s agency errors and omissions market. Don’t miss your chance to find out what’s been going on with insurance...
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...
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...
Oct 8 2012 // October 11, 2012 The Real Meaning of the Property Damage Exclusion in the CGL Mary Anne Medina, Vale Training SolutionsOctober 17, 2012 Insurance Distribution and Marketing Chris Burand, Burand & Associates LLC...