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...of clients. Agents, like other professionals, must demonstrate their knowledge...iligence can help reduce the frequency and severity of E&O claims as well ...

...ency, while demonstrating your professionalism and your concerns to your clients....

... loss ratios of 283% for General Liability and 973% for Auto Liability. Has there been any negative o...uating a carrier’s financial stability and minimizing the risk of an E&O c...

...ve clients. Exceptions include Professional Liability, Pollution Liability, Errors & Omissions, Directors & Officers, and Products Liability policies. PAs have even progressed ...The use of PAs will add to the profits and retention of your business.

... 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 Professionals 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 ... trust. DON'T RENEW ‘AS IS' Your customers' exposures might change. When the account comes up for renewal, interact with your customers to ensure that you've identified their exposures and have asked them whether they want you to insure them. NEVER ADMIT LIABILITY When a customer alleges that you've failed to provide the proper coverage, contact your E&O carrier for guidance. Any E&O carrier that's committed to protecting you will be glad that you called and walk you through the process. This article originally appeared ... Tips 4/30/2013 10:44:08 PM by CompleteMarkets Editor , Curtis Pearsall This content has not been rated yet. A POTPOURRI OF E&O TIPS by Curtis Pearsall Now that the hard market is upon us, there's no doubt that the Excess and Surplus Lines (E &SL) marketplace will be used to an even greater extent compared with the past couple of years. Curtis Pearsall's document provides basic guidelines for your staff to follow in this unique industry. &# 160 KNOW THE E&SL ...

...you to insure them. NEVER ADMIT LIABILITY When a customer alleges that you&#...ca National Insurance Co. E&O Bulletin and is reproduced by permission. Curtis...

...Copies of all policies (including excess) and rating plans. The latest rating-...s are willing to quote LPTs. The price and conditions vary widely, so look aro...

... 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 Professionals 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 ... call the Big Red Insurance Co. (to protect the innocent, guilty, and embarrassed) . Big Red was declared insolvent in 1985. The document presents seven categories of A. M. Best information as exhibits:General Information (Exhibit 1) Assets, Liabilities, Surplus & Other Funds (Exhibit 2) Investment Data (Exhibit 3) Summary of Operations (Exhibit 4) Comparative Financial and Operating Exhibit (Exhibit 5) Underwriting Experience (Exhibit 6) Best's Operating Comments (Exhibit 7) Using this and other data ... , heavy use of MGAs, or delegated authority? Yes. A savings and loan company purchased Big Red in 1983 and brought in a new management team (see Exhibit 1) . Have there been any general premium finance company, E&O or Umbrella/Excess carrier refusals? Unknown. (Because this information is usually not available from Best's, you might have to find the answer elsewhere) . Has the company run into any significant problems with insurance departments or other government agencies? Unknown (Although some information may be ...

... improved cash flow and cost savings. The extent of improvement and the degree of control over the risk management process will vary, depending on the firm's internal management practices and organizational suitability. Reproduced with permission from riskVue, a free monthly online magazine for risk and insurance professionals. Login or Register (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 ... yet. ALTERNATIVE RISK FINANCING: NOT JUST FOR FORTUNE 500 COMPANIES by Greg Ryan and James Bukowski Grow revenues and earnings by offering alternative risk financing to selected clients. Large corporations and government agencies generally use some type of alternative risk financing for their property and liability loss exposures. Medium-sized and smaller companies usually buy Commercial insurance for this purpose. However, alternative risk financing is not just for Fortune 500 companies. Many other firms can enjoy some of its benefits, such as improved cash flow and a lower total cost of ... a large hotel would probably experience many small Workers Compensation claims but relatively few, if any, large claims. A bank can also expect to have numerous low severity Comp claims. Alternative risk financing usually involves loss severity — the exposure to large losses — by purchasing excess insurance or reinsurance. INSURANCE LINES The other question asked most often is "What lines of insurance are best for alternative risk financing?" Casualty lines — Workers Compensation, General Liability (including Products), and Auto Liability — are the best candidates for alternative ...

...ages are not allowed. Professional negligence. A claim for n... are enforceable under both California and U.S. law, unless they can be attack...