https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2106/ARE-YOU-OFFERING-EMPLOYMENT-PRACTICES-LIABILITY-INSURANCE/
... in judgment. Will your agency be sued for failing to provide proper coverage (the primary cause of E&O claims)? The odds are against you. Here's a recent E&O claim that illustrates this scenario. The ending is not pretty. A nursing home employees was tested for drug use after a narcotic disappeared from the medical department. The employee sued, alleging wrongful termination and defaming statements following the drug-testing procedure. The matter was reported to the nursing home's Comprehensive General Liability (CGL) carrier, but it ... coverage. The nursing home then sued the agency, contending that the agency should have informed it about EPL coverage. The agency defended itself by saying that the client had requested and received the CGL policy and had never requested EPL coverage. The case was settled by negotiation. The damages sought were $75,000, and the case was finally concluded for $20,000. This claim could have been avoided if the agency had provided the nursing home a proposal for EPL. If the client had then declined to purchase ... , checklists, tip sheets, sales letters, and more! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Are You Offering Employment Practices Liability Insurance?4/30/2013 10:44:07 PM by CompleteMarkets Editor , Curtis Pearsall This content has not been rated yet. ARE YOU OFFERING EMPLOYMENT PRACTICES LIABILITY INSURANCE? by Curtis Pearsall Claims alleging wrongful employment practices have undoubtedly increased significantly over the ...
https://completemarkets.com/Article/article-post/2106/ARE-YOU-OFFERING-EMPLOYMENT-PRACTICES-LIABILITY-INSURANCE/
...rio. The ending is not pretty. A nursing home employees was tested for drug u... Is there vicarious or third-party Liability coverage? Are employees cov...
https://completemarkets.com/Article/article-post/784/Workers-Comp-Claims-Management-Best-Practices/
...gement reviews — adjuster’s notes generally aren’t available — is the most eff...d compensation rate under state law. Generally, payments cease when a child re...
https://completemarkets.com/Article/article-post/1630/MANAGING-RISK-A-GUIDE-FOR-YOUR-BUSINESS-CLIENT-PART-2-OF-4/
... have a written policy statement, generally because the subject has not been b...zations doing? No one knows what liability limit should appear on a policy....
https://completemarkets.com/Article/article-post/1293/CONVALESCENT-AND-NURSING-HOMES-YOU-PROVIDE-CARE-SO-DO-WE/
Convalescent And Nursing Homes - "You Provide Care - So Do We"
CONVALESCENT AND NURSING HOMES - 'YOU PROVIDE CARE - SO DO ...we've been insuring convalescent and nursing homes for more than ( ) years. Ou...
https://completemarkets.com/Article/article-post/2111/Do-You-Take-Uninsured-Motorist-Coverage-For-Granted/
... coverage equal to the limits of Liability? The price differential is only an ...is priorities were to maintain high Liability limits but to keep premium costs...
https://completemarkets.com/Article/article-post/1292/Convalescent-And-Nursing-Homes-A-Risk-Management-Program/
Convalescent And Nursing Homes - "A Risk Management Program"<...Agency Name) specializes in insuring nursing and convalescent homes, we can he...
https://completemarkets.com/Article/article-post/2162/DIVORCE-AND-AGENCY-VALUE-SEPARATING-GOODWILL/
... physician dies, becomes disabled, or retires, intrinsic and professional goodwill both come to an end. If another physician acquires the practice, the clinic might retain some patients from the previous doctor. These patients retain the new doctor because of past good experiences, friendly nurse and staff, location, and the clinic's long history in the community. This is intrinsic goodwill. The new doctor, if experienced, may bring professional goodwill of his or her own. That is, the new doctor may keep some patients and attract new ... people searches you make. And much more! All Articles by CompleteMarkets Editor Monetization type: None Comments (0 ) There are no comments posted. Search Articles/Libraries Select a Category All Benefits & Financial Services Commercial Lines Insurance Careers Communications Customer Service Financial/Accounting General Articles Human Resources Legal and E&O Letters (Customer Service) Letters (Sales) Life/Financial Services Management Marketing Marketing Agency of the Month Organizational Profiles Personal Lines Planning Questions & Answers Risk Management Selling Specialty Lines Technology Uncategorized Choose a Content Package All Member ... GOODWILL by Roy Phillips In my agency valuation work with agents and their spouses in divorce cases over the past 15 years, the issue of professional goodwill has often arisen. When a couple divorces, they seek to divide their community interest between them. All assets and liabilities must be assessed to enable the court to make an equitable division of property. If one of the spouses is an insurance agent, his or her book of business thus becomes subject to valuation, and such intangible property often depends a great deal on professional goodwill ...
https://completemarkets.com/Article/article-post/1101/WOMENS-INDEPENDENT-GUIDE-TO-INSURANCE/
...r skilled and custodial care in a nursing home. Some policies also may cover h...iness insurance offers property and liability coverage whether you operate fro...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/784/Workers-Comp-Claims-Management-Best-Practices/
... Limitations. You'll have bought' another claim if any payments are made to the claimant. REDUCE MEDICAL PAYMENTS Once a claim has been established, payouts might be diminished when the claimant has reached their maximum medical improvement and further treatment would provide no benefit. A rehabilitation nurse or medical management personnel might be of great value. The Workers Comp Board might find, with the submitted evidence, that further treatment is unnecessary. They can use the same meds to determine an agreed on percentage of temporary, permanent, partial, or total ... 20% to 50% (some state fraud statutes might provide for restitution to the employer) . This article provides a guide to an adjuster's control of a loss once it's submitted for claims handling. This area, though neglected in Risk Management reviews — adjuster's notes generally aren't available — is the most effective way to improve loss ratios, underwriting results, and ultimately the cost of Workers Compensation for all enterprises. Although claims reviews generally focus on expediting the lowest possible payout and the most cost-efficient result, from my experience as an ... credits, offsets to compensation benefits by Federal survivor or disability benefits, black lung benefits or disability pension benefits. Investigate other disability benefits (state or contractual) . GET SUBROGATION CREDITS Pursue other credits proactively. Review claims for possible subrogation. Determine whether there's third party liability. If liability is found, determine which party (employee, employer, or carrier) can file a lien under state law. Once the third party suit is settled, you must ascertain whether the carrier is reimbursed for payments. REDUCE FUTURE PAYMENTS Another area ...