All the headlines from our Errors Omissions Topic Page, ordered by recency.
Sep 26 2012 // Unexpected Staffing Issues do cause E&O claims. Staffing is not usually the title of a PowerPoint slide in an E&O class but staffing is at the heart of many E&O claims. The simplest way in which staffing causes...
Sep 24 2012 // It’s important to know all of the details when looking to insure risks with a cargo exposure. Because no two risks are the same, the underwriter will look to the agency to provide those details to fully understand...
Sep 19 2012 // Staff Licensing. Staff licensing may seem like such an obvious topic that it does not deserve even to be discussed in a blog. However, many facets exist to staff licensing that can and do create E&O exposures, and even...
Sep 12 2012 // Certificates of Insurance, Part 2.Last week’s blog covered the reason certificates cause so many E&O mistakes due to processing errors. This week’s blog covers the second reason certificates of insurance...
Sep 5 2012 // Certificates of Insurance. Certificates are probably the most frustrating aspect of processing commercial insurance today. A blog is not the place to detail the entire universe of certificate E&O exposures and...
Aug 30 2012 // All Risks, Ltd. has enhanced its exclusive insurance agents errors & omissions program through General Star Management Co. Specialized coverage now features additional insolvency options, revised rates, no minimum...
Aug 30 2012 // NAS Insurance Services has enhanced their E&O program for healthcare facilities with more coverages for consultants. The E&O product for healthcare consultants now includes: Cyber liability coverage ...
Aug 22 2012 // The soft market has made the job of insurance agents very difficult the last few years. Competition has been extremely fierce, and premiums so low that agents have had to fight for business and write more accounts just to...
Aug 20 2012 // Program administrator Business Risk Partners (BRP) will underwrite three additional programs in professional and management liability offered through Liberty International Underwriters (LIU), the global specialty lines...
Aug 20 2012 // Have you ever wanted to find out just what it is like to be struck with an errors and omissions (E&O) claim? Well, here’s how:10. Just document it in the agency management system. This was actually the...
Aug 14 2012 // Employee-owned, London-based insurance broker R K Harrison announced that David Rees has joined the firm to “head a dedicated cyber practice within its specialist casualty team, responding to the increasingly...
Aug 1 2012 // The scope of the investigations that are unfolding in the wake of the charges against Barclay’s Bank that it rigged the London Interbank Offered Rate (Libor) have taken on the proportions of a major...
Jul 31 2012 // I’ve written extensively about how the use of coverage checklists benefits an agency. The benefits include significantly reduced errors and omission (E&O) exposures, enhanced reputations, better sales, and last...
Jul 25 2012 // General Star Management professional liability coverage for real estate appraisers has been approved and is now available in New York on an admitted basis. Underwritten by General Star’s Professional E&O...
Jul 23 2012 // I’ve written extensively about how the use of coverage checklists benefits an agency. The benefits include significantly reduced errors and omission (E&O) exposures, enhanced reputations, better sales, and last...
Jul 23 2012 // The excess and surplus lines market has been around a long time. It has served the insurance marketplace well, providing specialty coverage and writing tough-to-place risks. While activity in the E&S market is...
Jul 19 2012 // Voice mail disclaimers. Most agencies today have standard voice mail disclaimers that state something to the effect of, “No coverage can be bound or obtained by leaving a voice mail.” I support this...
Jul 16 2012 // Every year, errors and omissions (E&O) claims arising out of the placement of workers’ compensation account for approximately 10 percent of all claims. Many of those workers’ comp claims are well in excess...
Jul 11 2012 // Offer all clients higher liability limits. One of the most common E&O claim examples virtually ever producer and CSR knows is this: What happens if an insured has a large liability claim and they don’t have high...
Jul 3 2012 // Minor items do cause E&O claims and sometimes your carriers exploit these minor items. Almost every agency occasionally receives law suit papers and every agency knows they have to forward these papers to the carrier...