https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/172/Tis-The-Season-For-Epli-Claims/
... or just have some general conversation. From an employer's perspective this interaction might seem innocent enough, and in most situations there's no need to be concerned. However, under certain circumstances, this socializing might have a negative effect, which could spell trouble for the unsuspecting employer. To help illustrate what might go awry, consider these employment-related claim scenarios. The daily letter carrier has been making suggestive remarks or unwanted sexual advances to your receptionist. One of your salespersons told ethnic or racial jokes that offended a number of your customers at ... to be an intentional act, the CGL policy won't respond, because it specifically excludes intentional acts from coverage. The CGL policy doesn't cover damages or awards and in the best-case scenario will only advance defense costs until a final determination of coverage is made. The Employment Practices Liability insurance policy addresses these types of claim exposures. However, the basic policy isn't enough to provide protection for third-party claims. Most insurance companies now offer a Third Party Coverage endorsement, which you must specifically request when negotiating the coverage. As with any coverage ... there are types of businesses, such as airlines and entertainment risks, that underwriters will avoid. However, this enhancement can provide a great benefit to any organization's Employment Practices Liability policy, so consider adding it if the insurer grants it. This endorsement doesn't amend the definition of the named insured. Instead, the insurer generally modifies the language of wrongful acts' to broaden coverage with wording such as customers, clients or other natural persons, other than the employee of the insured entity. In a third-party, or vicarious liability, ' claim ...
https://completemarkets.com/Article/article-post/172/Tis-The-Season-For-Epli-Claims/
...t might go awry, consider these employment-related claim scenarios. T... In a third-party, or 'vicarious liability,' claim, it's very like...
https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...mbrella & Excess Liability, Employment Practices, home-based businesses, i...ting strategies, and poor reserving practices are just a few of the problems. ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2134/Agency-E-O-Exposures-To-Broker-Of-Record-Letters/
... 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 ... 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. An additional ... 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" ...