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https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...ency E&O exposures are trusts, cyber risk, Non-Ownership Auto exposures (P...n obvious D&O exposure that the insurance professional should deal with in...
https://completemarkets.com/Article/article-post/2780/Optimization-of-financial-security/
...e life has moved to the Internet. Cybersecurity problems have become increasi...ing with a financial consultant or insurance professional lets you create a c...
https://completemarkets.com/Article/article-post/1817/CYBERSECURITY-OPPORTUNITIES-FOR-AGENTS/
Cybersecurity: Opportunities For Agents
CYBERSECURITY: OPPORTUNITIES FOR AGENTS by...irm specializing in services to the insurance industry. It is located at 100 C...
https://completemarkets.com/Article/article-post/2781/Risk-Management-Strategies-for-Small-Businesses/
... roles during unforeseen events.
Cybersecurity Measures
We live in an era do..., addressing the escalating threat of cyberattacks, and building a multi-skil...
https://completemarkets.com/Article/article-post/2134/Agency-E-O-Exposures-To-Broker-Of-Record-Letters/
...t need to be for exposures such as cyber liability or employment practices liability.
The bottom line: Duplicating the p...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2134/Agency-E-O-Exposures-To-Broker-Of-Record-Letters/
... with this type of account and the exposures this type of risk faces? In addition, based on the quality of the job the prior agent did, there might be coverages available that haven't been discussed with your new customer but need to be for exposures such as cyber liability or employment practices liability. The bottom line: Duplicating the prior agent's mistakes does NOT isolate your agency from the possibility of an E&O claim if a customer has a claim that their policies didn't cover completely. Falling into the "renew as is ... trap is one of the worst things you can do. It's best to treat this new customer, personal or commercial, as if they were a brand new prospect. Prove your value by conducting a comprehensive review of the file. This includes analyzing their current program, identifying their exposures, and providing them with coverage options. Exposure Analysis Checklists are a great tool to assist you in this regard. Be sure to bring to your customer's attention the differences between their current coverage and the options you're proposing and to document all discussions ... of record. Is the account switching over all of its business or just some of it? Does this take effect at the next renewal or mid-term? What are the wishes of the parties? What is the position of your carriers? Resolve these matters with your insured and carriers to ensure proper handling of any coverage modifications or claims. When you are acquiring an account via a BOR, pay proper attention is given to every file. Do not "renew as is!" You might simply be duplicating the prior agent's mistakes ...