Monthly Archives: January 2012

If your insurance agency files could talk, what would they say about you?

As a backdrop, if and when an E&O claim is made against your agency, in all likelihood, you will be asked to provide a copy of the specific file that the claim pertains to. It may be a paper file … Continue reading

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Is your insurance agency a specialist? Does this help or hurt you from an E&O perspective?

It appears from the various insurance publications that many agencies are moving towards becoming more of a specialist than a generalist. While, in many respects, this is a positive development, there are some issues to be on the lookout for … Continue reading

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E&O Insights: Why Your Agency Should Recommend Employment Practices Liability Coverage

This is an excerpt from an Insurance Journal article that I authored in the January 23, 2012 edition. “Employment practices liability insurance (EPLI) has been around since the early 1990s, mostly due to the passage of the 1991 amendments to the … Continue reading

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Insurance producers – how good are your listening skills?

In many, if not all states, an insurance  producer (agent/broker) has a common-law duty to obtain the coverage that the client specifically requests within a reasonable time or to otherwise inform the client  of the inability to do so. For this … Continue reading

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How does your E&O address your insurance agency placing business with various Alternative Risk Mechanisms?

In case you have not looked, there is a good chance that there is limited, if any, coverage for this exposure in your Agent’s E&O policy. While most E&O policies  exclude the insolvency of many of the various alternative risk mechanisms … Continue reading

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Are Bullies covered by a Homeowners policy ?

This is an excerpt from an excellent article (©The National Underwriter Company, publisher of FC&S Online®) written by Diana B. Reitz, CPCU, AAI that appeared on propertycasualty360.com on January 6, 2012. “Hardly a day goes by without a news story of someone being … Continue reading

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Insurance Agencies: don’t minimize the value of staff meetings

With life at the agency side of the business extremely busy, you may be thinking that the last thing you need is another meeting. While I can appreciate that viewpoint, there is no doubt that agency staff meetings, if properly conducted, can be … Continue reading

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Is there a potential gap when moving an account from an occurrence form to a claims made form?

When moving an account from a claims made form to an occurrence form or vice versa, most will contend that the former (claims made to occurrence) presents some significant risks and there is no doubt about that. However, I have … Continue reading

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Work in an insurance agency? Be proud of the difference you make !

First and foremost, Happy New Year! Hope your holidays were everything you hoped them to be. So much of life is based on attitude. Do you look at the glass as half full or half empty ? For those of … Continue reading

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