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...RECTORS & OFFICERS LIABILITY Nonprofit and for-profit corporations both ha...iligence can help reduce the frequency and severity of E&O claims as well ...

...he unique exposures that these organizations face”. Those are the skillsets th...r.” He said NIF is writing a lot of Directors and Officers coverage on a standalone basis, adding that D&O mig...

... Homeowners policy doesn't cover. Exercising due diligence here means asking the questions and getting a handle on the types of exposures. Conflict between Personal and Business exposures might be resolved by writing the client's Homeowners and Home Business policies with the same insurer. DIRECTORS & OFFICERS LIABILITY Nonprofit and for-profit corporations both have an obvious D&O exposure that the insurance professional should deal with in fact-finding and at renewal. What about the exposure of an individual who's a director for either type of corporation? The Personal Lines agent needs to be aware of ... 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 them and ... &O carrier. E-COMMERCE RISKS Computers, the Internet, e-mail, and e-commerce have opened up a whole new arena of cyber risk. There's a plethora of high-tech businesses and applications that no one even imagined 20 years ago. General Liability, Errors & Omissions, Directors & Officers Liability, Media & Internet Liability, Crime & Fidelity, and Intellectual Property policies are just some of the insurance contracts dealing with these exposures. Intellectual property rights, copyright and trademark infringement, defamation, privacy and confidentiality, liability, and crime are ...