https://completemarkets.com/Article/article-post/511/Avoid-E-O-Problems/
...elling.
CASE #2: CONTRACTUAL LIABILITY
The names in this case have bee...nclude a summary of proposed coverages and the premium for each one. Every pro...
https://completemarkets.com/Article/article-post/971/AVOIDING-ADVERSE-LEGAL-DECISIONS/
... small businesses like insurance agencies have high divorce rates. It's one of...that is often done to the productivity and sales activity of the agency operat...
https://completemarkets.com/Article/article-post/807/The-Hold-Harmless-Or-Indemnification-Clause/
...unction with writing Contractual Liability coverages. In many cases, agents wi... recognizing the concerns of the other and with cooperative rather than advers...
https://completemarkets.com/Article/article-post/2419/Positioning-Is-An-E-O-Issue/
...t has a significant professional liability exposure, but each agent’s exposure...an do right by her companies, clients, and agency.
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/67/Specimen-Cluster-Agreement/
... million in the aggregate per occurrence which shall cover such Party for real or alleged acts or omissions committed prior to the date CIS shall become operational. 6.5 Each Party shall abide by and conform to the By-Laws of CIS and to the operating rules, regulations and procedures adopted by the Board of Directors of CIS from time to time and disseminated to the Parties. 7. Termination of a Party: 7.1 CIS shall have the right to terminate any Party as a Party to this Agreement only upon good and sufficient cause which shall be ... This content has not been rated yet. SPECIMEN CLUSTER AGREEMENT Prepared By: DAVID A. BAKST, ESQUIRE MORRISON, MAHONEY & MILLER AGREEMENT made and entered into this __ day of ___, 19_, by and among the following Parties: A. RED INSURANCE AGENCY, INC., a Massachusetts corporation, having a principal place of business in Boston, Massachusetts; B. WHITE INSURANCE AGENCY, INC., a Massachusetts corporation, having a principal place of business in Boston, Massachusetts; C. BLUE INSURANCE AGENCY, ... late charges on overdue premiums. Commissions on so-called audit premiums shall be included as Net Annual Commissions. (d ) Book Value' shall mean the stated value of all assets less depreciation but excluding goodwill, covenants not to compete, Accounts and other intangible assets less liabilities of every name and nature. Additionally, there shall be excluded from Book Value the death benefit payable from life insurance, if any, on the life of any Party hereto or individual shareholders or employees of a Party hereto. (e ) Total Permanent Disability ...
https://completemarkets.com/Article/article-post/67/Specimen-Cluster-Agreement/
...ilize the services of collection agencies or attorneys. CIS shall retain 2 per...Party to this Agreement only upon good and sufficient cause which shall be defined as:
material and substantial breach of the terms of ...
https://completemarkets.com/Article/article-post/2622/Stock-Purchase-Agreement/
...te of the Buyer attesting to the adoption of a resolution of the Board of Dire...e numbering of the Sellers' warranties and representations in said section 3.
...
https://completemarkets.com/Article/article-post/1593/Independent-Contractor-Producer-Agreement/
...f insurance (automobile, general liability, etc.)
Assist customer service rep... in this Agreement shall be in writing and shall be served either (a) personally by handing the same to the person to be ser...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/511/Avoid-E-O-Problems/
... reduce the likelihood of an E&O claim and help you mount a better defense if you face an E&O suit.All of these examples are drawn from actual E&O claims. Look upon them as "idea generators," Some readers might adopt several of the concepts just as they're presented; other readers will modify them for individual use. CASE # 1: OVERLY BROAD STATEMENT In the 1970s, a Milwaukee agent insured a bad Property risk through the Wisconsin Insurance Plan (assigned risk property insurance program) ... Editor , Patricia Czech This content has not been rated yet. Agents need to review their procedures for avoiding errors and omissions claims on a regular basis. Although coverage checklists provide a great start, they don't address many potential E&O problems that stem from day-to-day agency operations. Patricia Berry presents "case stories" that can reduce the likelihood of an E&O claim and help you mount a better defense if you face an E&O suit.All of these examples are drawn from actual E&O claims. ... provided. Thousands of similar statements are made every day. A simple recommendation that's very hard to put into action would be: Never say anything to a client that indicates coverage beyond what is provided by the insurance contract that you're selling. CASE #2 : CONTRACTUAL LIABILITY The names in this case have been changed. Property, Inc., sold some land to Developer, LLC. After buying the land, the owner of Developer learned of some use restrictions that prevented him from building all of the apartment units that he'd planned ...