https://completemarkets.com/Article/article-post/235/E-O-Claims-Training-Remediation-After-The-Error-Or-Omission/
...operly documented?
Were insurance company underwriting guidelines and... an opportunity to address the problem and perhaps take steps to prevent simil...
https://completemarkets.com/Article/article-post/2212/LIFE-HEALTH-E-O-AVOIDANCE/
...ncy. Offering Life and Health insurance involves Errors & Omissions exposu...ection that Professional Liability insurance provides — and the security of E&O will help you p...
https://completemarkets.com/Article/article-post/989/Agents-Responsibility-For-Company-Insolvency/
...0 years ago courts did not treat insurance agents as professionals and as a re...olvencies will continue to be of major and immediate concern for agents during...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2457/E-O-And-The-Hard-Market/
... O claims during the hard market. Here are some of the issues you might want to address: COVERAGE REDUCTIONS AND CARRIER CHANGES Coverage reductions required by carriers. Often, to keep a premium at competitive levels or (more likely) to limit loss exposures, an insurer might suggest coverage or limit reductions. Be wary of such new exclusions as terrorism and mold. It's critical to advise your insured of any coverage reductions before renewal. The same holds true if the carrier will only renew at lower limits and/or increased deductible ... others sometimes do crazy things to keep an account. Be sure to focus on areas that might increase the frequency and/or severity of E&O claims during the hard market. Here are some of the issues you might want to address: COVERAGE REDUCTIONS AND CARRIER CHANGES Coverage reductions required by carriers. Often, to keep a premium at competitive levels or (more likely) to limit loss exposures, an insurer might suggest coverage or limit reductions. Be wary of such new exclusions as terrorism and mold. It's critical to ... to a new insurer, watch for coverage reductions, especially when moving from one proprietary company package to another. Since these moves are often done at the last minute, make sure that nothing slips through the cracks by having more than one person review such accounts for errors or omissions. USING E&S , RESIDUAL, AND OTHER MARKETS In recent years, the E&S marketplace grew at a rate twice that of the standard market. Expect this rate to increase significantly during a hard market. Devote ample attention to E ...
https://completemarkets.com/Article/article-post/2786/Why-Errors-and-Omissions-Insurance-Is-Critical-for-Service-Based-Businesses/
Why Errors and Omissions Insurance Is Critical for Service-Based Busin...le to move forward with peace of mind and grow in the knowledge that, even if...
https://completemarkets.com/Article/article-post/1452/PROCEDURES-IN-AN-AGENCY/
...hrough failure to renew expiring insurance (whether insured is contacted or no...g to an insured that you do not understand. Promise anything that yo...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/1678/HOW-TO-CANCEL-A-POLICY-CORRECTLY/
... control procedures that ensure that cancellations are handled correctly and efficiently. OVERVIEW The Cancellation Request/Policy Release ACORD Form 35 should be used to terminate a policy whenever the original policy has not or cannot be returned for cancellation. Should You Issue a Cancellation? When an insured calls and requests that a policy be canceled, advise the insured as follows: 1. Ask the insured to return the original policy with a letter requesting the cancellation, the date to be canceled, and the reason for cancellation. 2. If the insured ... (for FREE) to gain access to thousands of other great articles. Need more reasons to join? Need insurance for you, your business or your family? Get quality appointments - Save yourself a whole lot of time & money when you use our directory of carriers, wholesalers and service providers. Negotiate lucrative contracts with carriers and wholesalers. Net result. More revenue for your agency! Clients & Prospects will research you, your co-workers and your agency here. The most comprehensive online insurance industry reference library for - Personal Lines ... Commercial Lines Professionals Life/Health & Benefits Professionals Online newsletters and content that you can use for your clients and social media efforts. Ability to attach leads and clients to your specific market searches, with e-mail alerts for all the market, articles, blogs and people searches you make. And much more! All Articles by CompleteMarkets Editor Monetization type: None Comments (0 ) There are no comments posted. x No Thanks Loading.. Loading.. x No Thanks Loading.. ...
https://completemarkets.com/Article/article-post/2156/E-O-LEGAL-ACTIONS-THE-AGENCY-NEMESIS/
... CPIA This article addresses an insurance agency's the most common practices ...nt is that it should exist. Innovation and creativity have no place in the she...
https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...usiness, and changes in existing insurance products, insurance agents need to be more diligent tha...iligence can help reduce the frequency and severity of E&O claims as well ...
https://completemarkets.com/Article/article-post/2457/E-O-And-The-Hard-Market/
...'approved' by your Department of Insurance. Some risks might not be placed in ...are coverage reductions, lower limits, and higher deductibles, expect E&O claims and suits to increase. Proper documenta...