All the headlines from our Errors Omissions Topic Page, ordered by recency.
Mar 21 2011 // This industry is filled with confusing and often contradictory recommendations regarding how to avoid E&O claims. This is frustrating for me, so I know it is frustrating for agents. I believe the source of the...
Mar 21 2011 // Here’s what some insurers and brokers have been up to recently, inventing and tweaking key programs and coverages.Liability: Professional, E&O, D&O, EPLI CNA launched Epack Extra, an enhanced version of its...
Mar 21 2011 // Insurance agents can be sued by their clients for breach of contract or negligence when they fail to procure appropriate insurance coverage. Generally, an insurance agent or broker who undertakes to procure insurance for a...
Mar 7 2011 // When dissecting Errors & Omissions claims frequency, it is apparent there is real E&O exposure for agencies writing personal auto and/or homeowners coverage. The latest reports show that 25 percent to 30 percent of...
Mar 7 2011 // Late last year, Paul Allen, co-founder of Microsoft, filed a lawsuit over alleged patent infringement against some of the biggest names in technology, including Facebook, Google and Apple. For some, the lawsuit may appear...
Mar 1 2011 // The Chubb Group of Insurance Companies is offering newerrors and omissions (E&O) and general liability insurance policies to address risks faced by life sciences companies.Chubb’s general liability policy,...
Feb 16 2011 // Business Risk Partners is now offering general liability coverage to home inspector firms that purchase errors & omissions insurance. Bundling the two products addresses the increasingly grey areas between GL and...
Feb 7 2011 // Errors and omissions insurance is available, and necessary, not just because mistakes happen. A customer’s perception can be that the reason a loss was not covered, valid or not, was the result of an agent’s...
Feb 7 2011 // When placing coverage for your clients, with a fair degree of frequency your agency will need to look at placing professional liability — a/k/a errors and omissions — coverage for those risks. Typically, when thinking...
Jan 19 2011 // IronPro, the professional liability unit of Ironshore Inc., has introduced a specialized technology professional liability policy designed for the complex exposures of the information technology and computer industries....
Jan 10 2011 // Although the economy has taken its toll on the construction industry, the majority of insurance agencies probably insure a contractor or two. There is no doubt this class of business has caused its share of errors and...
Jan 6 2011 // XL Insurance, the global insurance operations of XL Group, and Jorgensen & Co., a specialist professional liability managing general underwriter, today announced a joint underwriting agreement to provide...
Jan 5 2011 // Effective January 5 2011 – Laurel Fowler Insurance Broker, Inc – California based wholesaler is appointing Wholesalers, Surplus lines Brokers and MGA’s in Texas, California, Florida and most States, to...
Jan 5 2011 // When it comes to the legal profession, there are two known facts: claims against lawyers tend to increase in an economic downturn; and small firms (with fewer than five attorneys) are extremely vulnerable to legal...
Dec 20 2010 // An attorney, family member or friend asked to serve as trustee faces a big responsibility as well as significant liability. Trustees are often called upon at a challenging juncture in the life of an individual or family;...
Dec 20 2010 // Today’s soft insurance market, reduced commissions and a tough economy for agency owners and their clients might be adding to agency errors and omissions (E&O) exposures. But agency owners are not the only ones...
Dec 8 2010 // The economy has taken its toll on all businesses today and law firms are no exception. They have experienced downsizing, pressure to change specialties in order to compete for new business, and other cost cutting measures,...
Dec 6 2010 // Travelers has introduced IndustryEdge for Equipment Dealers that provides custom-designed coverage to help protect against the unique risks and exposures in the equipment distribution industry.Available through...
Dec 5 2010 // The economy has taken its toll on all businesses today and law firms are no exception. They have experienced downsizing, pressure to change specialties in order to compete for new business, and other cost cutting measures,...
Dec 5 2010 // Traditionally, as another year begins, we establish personal and professional goals. On the personal side, shedding a few pounds is often an objective. After all, with fewer pounds, we will look better and feel more fit....