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...s a friend over for a swim in your pool. He dives into the shallow end strike...n injury that exceeds your standard liability limits.

... Do you own a swimming pool? Name __...

...RY LIMITED CIRCUMSTANCES? Swimming Pools, Piers, Wharves, Docks, Fences, and R...While You're Golfing There Is Liability Coverage if the Watercraft is Le...

...y is to offer umbrellas to each Commercial account, the audit should determin...

... words, don't let folks audit their own trails, so that they can learn the strengths and weaknesses of their subordinates and identify training needs. The audit format should reflect your agency's procedures and objectives. For example, if your policy is to offer umbrellas to each Commercial account, the audit should determine whether this policy is being implemented. Essentially, the audit checklist should mirror the task list constituting each system component. Your agency's system can be as simple as a notebook containing standard operating procedures or as extensive as your needs dictate ... agent to find appropriate coverage for his fur-cleaning firm. Unfortunately, the agent did not obtain insurance covering the bailee exposure that comes with cleaning and storing valuable fur items. Result: Finding for the plaintiff (the insured) . Case 2: The insured, a swimming pool subcontractor, required General Liability and other coverages to maintain his business relationships with his clients (general contractors) . A Certificate of Insurance was issued to a general contractor indicating that the insured had all the coverages required by the general contractor's contract. The general ... reported a loss arising from the insured's work. The loss resulted in discontinuation of underground utility service to a major manufacturing plant. The insured did not have appropriate coverage for the underground property damages. The general contractor's insurance carrier responded to the loss, and then subrogated against the insured. The insured then sued the agent. Result: Finding for the plaintiff (the insured) . Failure to obtain proper coverage accounts for more than 50% of all losses reported to E&O carriers. A similar, but slightly different, ...

... of the previously mentioned nine components. It must be done as a separate audit system, and should be effected by someone who can objectively examine paper or media trail. In other words, don't let the people audit their own trails. Many agencies use Personal or Commercial lines managers for this important function. A manager can thus learn the strengths and weaknesses of the personnel they're supervising and find training opportunities. The audit format should reflect agency policy concerning how each of the nine functional components is supposed to work. For example, ... proper coverages to meet the standards of contracts required by the client. The client, a general contractor, reported a loss arising from the work of the insured. The loss resulted in discontinuation of underground utility service to a major manufacturing plant. The insured, a swimming pool subcontractor, did not have coverage for the underground property damage. The insurance carrier for the general contractor responded to the loss, and then subrogated against the pool contractor. Finding for the plaintiff-who subsequently found another insurance-related resource: his agent's E&O policy ... These cases continue to occur, and the failure to obtain the proper coverage represents over 50% of the losses reported to our E&O carriers. They even exceed the secondary category of claims source: Failure to obtain any coverage. Case No.1: Failure to Obtain Any Coverage The insured instructed the agent to review his coverages and determine if he was adequately protected from loss arising from having to move his premises after a loss. Sounds a bit like a piece of coverage called Time Element, doesn't it? The loss occurred ...

... Many agencies use Personal or Commercial lines managers for this important f...it is the agency's policy to offer Commercial Umbrellas to each account, then ...