https://completemarkets.com/Article/article-post/1817/CYBERSECURITY-OPPORTUNITIES-FOR-AGENTS/
Cybersecurity: Opportunities For Agents
CYBERSECURITY: OPPORTUNITIES FOR AGENTS by...ith network security firms that offer cyber-risk assessment and mitigation ser...
https://completemarkets.com/Article/article-post/2780/Optimization-of-financial-security/
...e life has moved to the Internet. Cybersecurity problems have become increasi...on, or even face legal issues. These cyber threats are getting smarter. So it...
https://completemarkets.com/Article/article-post/2653/Freezing-Your-Credit/
...tements, though, too, and purchase cyber liability insurance as a further prot...
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...uld also give ongoing training on new cyber risks and products for producers a...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/227/Emerging-E-O-Loss-Exposures/
... many new concepts, new types of business, and changes in existing insurance products, insurance agents need to be more diligent than ever in analyzing their Errors and Omissions risks and exposures. Some of the areas that open up agency E&O exposures are trusts, cyber risk, Non-Ownership Auto exposures (Personal and Business Auto), D&O Liability, Umbrella & Excess Liability, Employment Practices, home-based businesses, intellectual property exposures, and company solvency issues. Everyone at every agency should keep "due diligence" and " ... carrier. If you go ahead, carefully document your file with written confirmation that the client understands their decision and that the client received a copy of the confirmation. It's probably preferable to have an agency policy never to use a carrier that A.M. Best's or another secure ratings organization rates below a certain level. When a carrier falls below the standard, agency and client must decide how to proceed. CONCLUSION These are only a few of the emerging E&O exposures that agencies face. Making sure producers and staff know about ... and practicing due diligence in day-to-day activities will go a long way toward reducing agency exposures. There's no guarantee that asking the proper questions and taking appropriate action will prevent an E&O , but doing nothing is certain to leave an agency in a poor position to defend itself. Due diligence can help reduce the frequency and severity of E&O claims as well as give your clients a valuable service. Login or Register (for FREE) to gain access to thousands of other great articles. Need more reasons to join? ...