https://completemarkets.com/Article/article-post/2138/E-O-Insights-Let-Me-Think-About-It-%E2%80%A6/
...1 million primary and $4 million umbrella. According to the agent, he told the...approach will lead to additional sales and will serve as solid protection agai...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/2139/CERTIFICATES-OF-INSURANCE-BEST-PRACTICES/
... legal precedent while researching this issue. It makes sense to list only those &# 160coverages applicable to the request for the cert. For example, when sending a certificate to a general contractor, you would probably need to list only the Workers Compensation, Liability and Umbrella coverages, not property. I d also suggest that an agent include all applicable policies (primary and excess) unless the request for the cert asks only for limit/coverage verification up to a certain limit. When an agent issues a certificate but the excess ... the data — it might well have changed! Questions and Answers Several excellent questions at the conference warranted additional research: When an agent issues a certificate of insurance, is he or she legally obligated to list all applicable policies? For example, do they list the primary and all excess policies? I could not locate any specific legal precedent while researching this issue. It makes sense to list only those &# 160coverages applicable to the request for the cert. For example, when sending a certificate to a general contractor, you ... probably need to list only the Workers Compensation, Liability and Umbrella coverages, not property. I d also suggest that an agent include all applicable policies (primary and excess) unless the request for the cert asks only for limit/coverage verification up to a certain limit. When an agent issues a certificate but the excess policy excludes certain coverage (example: pollution), should the agent list the excess policy? If the certificate request is to show proof of Pollution coverage, the agent should not indicate on the cert any ...
https://completemarkets.com/Article/article-post/2139/CERTIFICATES-OF-INSURANCE-BEST-PRACTICES/
...kers Compensation, Liability and Umbrella coverages, not property. I d also su...involving the issuance of certificates and educate your staff on this importan...
https://completemarkets.com/Article/article-post/227/Emerging-E-O-Loss-Exposures/
...siness Auto), D&O Liability, Umbrella & Excess Liability, Employment P...iligence can help reduce the frequency and severity of E&O claims as well ...
https://completemarkets.com/Article/article-post/229/Agency-Risk-Management-Of-Soft-Market-Hard-Market-Exposures/
...reas, primarily in Liability and Umbrella/Excess Liability policies. You must ...ile demonstrating your professionalism and your concerns to your clients.
https://completemarkets.com/Article/article-post/995/Personal-Lines-Profit-ThereS-More-Than-One-Way-To-Do-It/
...wners with another, and boat and umbrella policies still handled by agency per...provide the type of products, pricing, and services that agencies need to handle personal lines profitably.
https://completemarkets.com/Article/article-post/2800/Best-Insurance-Plans-That-Protect-Large-Scale-Contractor-Operations/
...Commercial Auto, Builder's Risk, Umbrella/Excess Liability, Tools & Equipm... contract requirements for all current and upcoming projects. Workers' compensation structure and multi-state coverage consistency ar...
https://completemarkets.com/company/CompleteMarkets/Articles/content-package/IMMS-Library/TabCategory/article-post/227/Emerging-E-O-Loss-Exposures/
... need to be more diligent 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 ... month, two months? The fact is, the agency should then determine the time frame. Most insurers have no problem with two or three weeks, but it's important to ask the company where it stands on this. Generally, a rental company's Liability coverage is primary but with only standard limits, and most Personal Auto policies are excess over those limits. What about an auto rented outside the United States? The territory definition wouldn't pick up even excess coverage in some countries. One solution is to write an Umbrella policy so ... drop-down coverage might apply. Where an employee is furnished a company car, Extended or Named Non-owner coverage may be provided under the Personal Auto policy, or the commercial equivalent may be used if the business is willing to provide it. The point is that if the agency doesn't ask the right questions, they'll have an E&O exposure. Don't wait for the client to tell the important details - take the initiative. Case law is full of E&O events involving non-owned autos that could have been avoided if the agency ...
https://completemarkets.com/Article/article-post/212/How-To-Deal-With-A-Wholesaler/
...ract markets and then broker the Umbrella portion of the account with their br...in the long run for you, your clients, and your agency.
https://completemarkets.com/Article/article-post/2156/E-O-LEGAL-ACTIONS-THE-AGENCY-NEMESIS/
...ncy's policy to offer Commercial Umbrellas to each account, then the audit doc...nt is that it should exist. Innovation and creativity have no place in the she...