https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...new business profiling, or with a special mailing or newsletter. If you don’t ...ting strategies, and poor reserving practices are just a few of the problems. ...
https://completemarkets.com/Article/article-post/218/Trade-Secrets-What-Are-They/
...fiers?
Does the insured carry specialized Products Liability and/or Profes...nfidentiality, non-disclosure, and employment practices to assist you in devising and im...
https://completemarkets.com/Article/article-post/948/EXTERNAL-GROWTH-WITH-SUCCESSFUL-ACQUISITIONS/
... buying an operation with another specialty. For example, an agency specializing in Attorneys Legal Liability mi...vable aging and general collection practices. Review of Erro...
https://completemarkets.com/Article/article-post/1829/KEY-ELEMENTS-OF-AN-EFFECTIVE-WORKERS-COMPENSATION-CLAIM-AUDIT/
... & Griffin, Inc., (714) 752-1058, specializes in the evaluation and auditing o...loyee benefits claim administration programs. No reproduction without permissi...
https://completemarkets.com/Article/article-post/238/The-Hard-Market-An-E-O-Perspective/
...lves documenting files and making special efforts to keep clients aware. Agenc...nce with the policy a condition of employment.
Although this might seem harsh,...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2134/Agency-E-O-Exposures-To-Broker-Of-Record-Letters/
... agent's mistakes and this does not protect your agency from the possibility of an E&O claim. Curtis Pearsall, CPCU, AIAF, ARM, CPIA, is president of Pearsall Associates, Inc. (Whitesboro, NY), a risk management consulting firm that specializes in helping agents protect themselves against E&O claims. To contact him, call (315) 768-1534; e-mail: [email protected] ; visit www.pearsallassociates.com ; or blog: www.agentseotips.com . Login or Register (for FREE) to gain access to thousands of ... " trap is one of the worst things you can do. It's best to treat this new customer, personal or commercial, as if they were a brand new prospect. Prove your value by conducting a comprehensive review of the file. This includes analyzing their current program, identifying their exposures, and providing them with coverage options. Exposure Analysis Checklists are a great tool to assist you in this regard. Be sure to bring to your customer's attention the differences between their current coverage and the options you're proposing and to document all ... of account and the exposures this type of risk faces? In addition, based on the quality of the job the prior agent did, there might be coverages available that haven't been discussed with your new customer but need to be for exposures such as cyber liability or employment practices liability. The bottom line: Duplicating the prior agent's mistakes does NOT isolate your agency from the possibility of an E&O claim if a customer has a claim that their policies didn't cover completely. Falling into the "renew as is" trap is ...
https://completemarkets.com/Article/article-post/2077/WHAT-MAKES-A-GREAT-OWNER/
... in Northern California. The firm specializes in financial and management cons...
https://completemarkets.com/Article/article-post/935/EPL-BUILDING-A-THREE-LEGGED-STOOL-OF-PROTECTION/
...have been queuing up to provide a specialized form of insurance specifically d...o hope you'll take advantage of this special free trial offer. ...
https://completemarkets.com/Article/article-post/1557/OSHA-HANDBOOK-FOR-SMALL-BUSINESSES-PART-4/
... that the consultant send you any special materials pertaining to your workpla...l furnish to each of his employees employment and a place of employment which are free from recognized h...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/227/Emerging-E-O-Loss-Exposures/
... is where due diligence comes in. Due diligence in this kind of situation means advising all insureds to notify the agency if they make a trust or property transfer arrangement. This could be done on renewal, as part of your new business profiling, or with a special mailing or newsletter. If you don't have trust expertise, ask your company underwriters their position on the subject and what they need. It's better to use co-named insureds in lieu of additional insured arrangements, if possible. It's also wise to ask companies that write ... lot of Personal Lines programs for affluent clients for general information, because they probably have expertise in this area. Some experts predict that trusts and ownership transfer arrangements will become as common as wills in the near future, because they provide an easy, inexpensive way to avoid the delay and public disclosure of probate. An agent who neglects to perform due diligence in such a situation and winds up with a client who has a large uncovered loss will wind up contacting their E&O carrier. E-COMMERCE RISKS Computers, the Internet, ... than ever in analyzing their Errors and Omissions risks and exposures. Some of the areas that open up agency E&O exposures are trusts, cyber risk, Non-Ownership Auto exposures (Personal and Business Auto), D&O Liability, Umbrella & Excess Liability, Employment Practices, home-based businesses, intellectual property exposures, and company solvency issues. Everyone at every agency should keep "due diligence" and "awareness" in mind while taking care of clients. Agents, like other professionals, must demonstrate their knowledge and skill. ...