https://completemarkets.com/Article/article-post/2740/Read-This-to-Reduce-the-Overwhelm-of-Small-Business-Insurance-Requirements/
...er, it’s not just for doctors and lawyers. This insurance policy covers errors and omissions, which can be a real problem...ired to carry workers’ compensation insurance coverage for farm laborers. How...
https://completemarkets.com/Article/article-post/102/What-About-The-Yearly-Account-Review/
...y should they stay with you?
Errors and omissions. By failing to recommen... revenues, greater customer retention, and a lessened threat of litigation. Yo...
https://completemarkets.com/Article/article-post/807/The-Hold-Harmless-Or-Indemnification-Clause/
...ay be forced to pay for court and lawyers' costs incurred by the company, win ... recognizing the concerns of the other and with cooperative rather than advers...
https://completemarkets.com/Article/article-post/1529/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-INTRODUCTION/
... areas of litigation exposure are errors & omissions, and protection of expirations. Proper insu... the agent's lawyer, accountant, or insurance agency specialty consultant.
https://completemarkets.com/company/scurich-insurance-services/Articles/content-package/Member-Content/TabCategory/article-post/1106/20-Tips-For-Prospective-Agency-Buyers/
... (structure, business plan, and cash flow), lay them out for the seller, so that there won't be any surprises. If possible, deal with agents you know. Work out the details with the other principal(s ) personally. Don't let lawyers and accountants in on it until everyone is ready. Achieve a good personal fit. This is important, not only on the personal level, but also in regard to the two agencies' philosophies (i.e., fair treatment of clients and employees, and ... a thorough investigation of the agency in question. Look at: Its five-year figures; its relationship with its companies; the breakdown of its premiums (Commercial Lines vs. Personal Lines); its history in regard to ownership, claims, employee agreements, and prior Errors and Omissions claims. Find out which carriers it has lost. Also, take a look at the accounts receivable. Does the current agency/owner let payments ride? If it's tightened, will the accounts go elsewhere? Take a good look at the other ... loss ratio, especially Personal Lines. Some companies today are gearing future commissions on the last three years' loss ratio. Get an independent appraisal by a consultant. Determine the average age of at least the key accounts. People like to do business with their contemporaries. If possible, do your own financial analysis and have it checked by an accountant. Determine how the newly formed agency will work. Deal with the "nuts and bolts" of the agency's operations. Talk to carriers about the agency in question. They're excellent ...
https://completemarkets.com/Article/article-post/1106/20-Tips-For-Prospective-Agency-Buyers/
...rincipal(s) personally. Don’t let lawyers and accountants in on it until ever...at the agreement contains non-compete and non-piracy clauses that are reasonable and enforceable.
If poss...
https://completemarkets.com/Article/article-post/1533/LEGAL-OUTLINE-FOR-CALIFORNIA-AGENCIES-CHAPTER-4/
...ly to insurance agents as well as lawyers in cases involving simple negligence... are enforceable under both California and U.S. law, unless they can be attack...
https://completemarkets.com/Article/article-post/986/Preserving-Agency-Value/
...ancial trouble: real or perceived errors and omissions and Equal Employment Op...t on the morale of the other employees and the overall productivity of the agency, and yet the owners feel that they canno...
https://completemarkets.com/Article/article-post/985/ERRORS-AND-OMISSIONS-CONSIDERATIONS/
Errors And Omissions Considerations
ERRORS AND OMISSIONS CONSIDERATIONS by Carol H...dures that will treat customers fairly and respect their intelligence and decision-making capabilities. Keep them informed of good news and bad in a timely manner. And meet their needs with courtesy and professionalism. A satisfied insure...
https://completemarkets.com/Article/article-post/2015/LIMITED-LIABILITY-COMPANIES-WHAT-YOU-NEED-TO-KNOW/
...ing sued, guess what the opposing lawyers will probably try to do? They must f...ary E. Jacobson, JD can be reached at Vander Wel, Jacobson, Bishop & Magnusson...