All the headlines from our Errors Omissions Topic Page, ordered by recency.
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...
Jul 2 2012 // As a volunteer engaged with a network of agency management system vendor clients, I have an opportunity to hear from my peers about their experiences and compare this with what goes on in our own office. While we all find...
Jun 27 2012 // Do you ever advise your clients the company issued their policy with errors so you’ll send it to them once the company reissues the policy with corrections? The exposure this seemingly good customer service creates...
Jun 18 2012 // Umbrellas are apparently not as simple as many would like to believe because various issues involving umbrellas cause more than their fair share of errors and omissions claims. Due to the nature of umbrella coverage, the...
Jun 18 2012 // U.S. companies face many exposures around the globe. Increasingly, they are traced to a crackdown against corporate bribery. Ann Longmore is an executive vice president of Willis and an expert in foreign exposures for U.S....
Jun 13 2012 // Insurance agency errors and omissions (E&O) situations and solutions from consultant Chris Burand.Tip #3 Do you follow-up in writing when your insurance proposal is rejected? The failure to take this step can result in...
Jun 6 2012 // Insurance agency errors and omissions (E&O) situations and solutions from consultant Chris Burand.Tip #2 Always use a coverage analysis checklist on new and renewal business! When was the last time you went to the...
May 30 2012 // Insurance agency consultant Chris Burand is launching a new blog on insurance agency errors and omissions (E&O) issues on InsuranceJournal.comIn Burand’s Agency E&O Blog, the consultant will share E&O...
May 30 2012 // Insurance agency errors and omissions (E&O) situations and solutions from consultant Chris Burand.Tip #1 When was the last time you checked to make certain your producers and agency staff were using current and...
May 21 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...
Apr 16 2012 // ACE USA’s ACE Medical Risk Division now offers increased reimbursement limits for legal expenses incurred because of an action by a federal or state agency arising from a podiatrist’s participation in the...
Apr 16 2012 // Louisiana Agency Partners, The Kirksey AgencyLouisiana Agency Partners (LAP) announced that The Kirksey Agency in West Monroe, La., has become the 12th member agency of the Louisiana-based network of independent insurance...
Apr 10 2012 // Chartis has introduced Leaders Risk Protector, a modular insurance product expressly designed for schools, associations and public entities that was developed by its Financial Lines division. Underwritten by the Chartis...