https://completemarkets.com/Article/article-post/2085/HIDDEN-LIABILITIES-IN-MERGERS-AND-ACQUISITIONS/
...t automatically protected under a primary or excess liability policy. 2) ...carefully examine the potential for liability and weigh the possible risks tha...
https://completemarkets.com/Article/article-post/1669/FINANCIAL-INSURANCE/
...n around for 30 years or more. A primary purpose of these plans is to stabili... current values. Protection of liability reserves from appropriation. Thi...
https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...l company’s Liability coverage is primary but with only standard limits, and m...e insurer.
DIRECTORS & OFFICERS LIABILITY
Nonprofit and for-profit corpora...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2138/E-O-Insights-Let-Me-Think-About-It-%E2%80%A6/
... claim involved a client from another state whose tow truck rear-ended a car, causing an occupant of the vehicle to become a wheelchair-bound paraplegic. The underlying case was worth $5 million to $10 million. The client, a new customer, had provided a copy of his previous policy to the agent and asked for coverage. The agent stated that he saw the previous policy had $1 million primary and $4 million umbrella. According to the agent, he told the client he was only going to obtain a primary policy for $1 million and that the client was going to think about whether he wanted the umbrella coverage. Again, according to the agent, the client never got back to him on the umbrella. The client testified that he told the agent to duplicate his prior ... assumed that he had umbrella coverage. Unfortunately, there was no documentation of the alleged conversations between the agent and the client. The E&O carrier settled the claim for the limit of the agency's policy, $1 million. Could this happen in your agency? There's probably not much question whether clients need or want primary coverages. After all, the vast majority of your commercial clients need liability and auto, etc. When you meet with them, there's little doubt that you are to put these vital coverages into effect. However, when the topic gets around to an umbrella, the answer might not be so easy for your client to answer because it involves additional expense they might not be able to afford. As they debate this in their mind, they'll probably try to determine ...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2106/ARE-YOU-OFFERING-EMPLOYMENT-PRACTICES-LIABILITY-INSURANCE/
... that many of these clients go unprotected because no one has offered them a proposal? Let's assume that one of your commercial clients was not aware that this coverage was available, you never offered them a proposal, and they get hit with a claim costing $50,000 in defense and $250,000 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 ... Group Connections Reviews IMMS Library Immerse yourself in our stacks. Take some time and browse through our library. We have thousands of articles, 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 last decade. According to USA Today, an estimated 450 employment lawsuits are filed every day. One survey reported that half of all ...
https://completemarkets.com/Article/article-post/2106/ARE-YOU-OFFERING-EMPLOYMENT-PRACTICES-LIABILITY-INSURANCE/
...g to provide proper coverage (the primary cause of E&O claims)? The odds are a... Is there vicarious or third-party Liability coverage? Are employees cov...
https://completemarkets.com/Article/article-post/2353/Crisis-Management-Plan-Development-Part-1/
...s generally structured with three primary elements involving:
Crisis Exp...cial survival rather than property, liability including auto, and workers comp...
https://completemarkets.com/Article/article-post/2564/Its-a-Small-World-Doing-Business-Abroad/
...o new international markets, both primary (with such carriers as AGF, Allianz,...res: Auto, Health, Marine, Products Liability, Workers' Compensation, and so f...
https://completemarkets.com/Article/article-post/238/The-Hard-Market-An-E-O-Perspective/
... experienced the same losses that primary companies have and must charge more ... that served alcohol and the Liquor Liability and General Liability had total exclusions on assault ...
https://completemarkets.com/Article/article-post/229/Agency-Risk-Management-Of-Soft-Market-Hard-Market-Exposures/
...y. Your clients view you as their primary information source and expect you to...er: This determines when a specific Liability policy covers a claim.
Occu...