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... coverage that would pay first dollar claims to his clients in the event their property was damaged through theft or vandalism. He was willing to pay the higher price since he was in the business of servicing Mercedes, Rolls Royce, Jags, BMWs, and other expensive toys. Vandalism occurred over the weekend, and the insured was forced to spend thousand of dollars repairing 11 vehicles left in his care. Primary garage keepers was not in place to respond, but you can guess what was: the agency E&O policy. ... indicating that the insured had all the proper coverages to meet the standards of contracts required by the client. The client, a general contractor, reported a loss arising from the work of the insured. The loss resulted in discontinuation of underground utility service to a major manufacturing plant. The insured, a swimming pool subcontractor, did not have coverage for the underground property damage. The insurance carrier for the general contractor responded to the loss, and then subrogated against the pool contractor. Finding for the plaintiff-who subsequently found another insurance-related resource ... The next section focuses on specific cases from our files that substantiate that we truly have a Duty to Perform. LEGAL ACTIONS: FOLLOWING THE PULSE OF E&O CASES After reading the section above, a fellow agent of ours indicated that it assisted him in making an important decision: to sell his agency. It doesn't have to result in that dramatic a solution, if we followed the pulse of legal actions filed recently. Here are some actual cases from our files. Case No. 1: Failure to Obtain the Proper Coverage ...

...e, Jags, BMWs, and other expensive toys. Vandalism occurred over the weekend, ...em task lists on his agency software program. This will provide immediate guid...