Monthly Archives: May 2012

E&O Insights: Why Workers’ Compensation Leads in E&O Claims

This is an excerpt from an Insurance Journal article that I authored in the May 21, 2012 edition. “Every year, errors and omissions (E&O) claims arising out of the placement of workers’ compensation account for approximately 10 percent of all … Continue reading

Posted in Published articles | Tagged , , , | Comments Off

Are you sending proposals / requests for information to clients in an “unsecured” environment?

From time, agents have been known to send prospects / customers an e-mail containing a blank application and request that they complete it and send it back. That in itself, seems fairly harmless. The applicant receives the app, completes it and … Continue reading

Posted in Tips | Tagged , , , , | Comments Off

Cost to industry of dog bites on the rise

For some time, I have been communicating that the issue of dogs has some serious potential to cause a significant number of E&O claims. The main issue involves the cross breeding that is occurring in that industry and as a … Continue reading

Posted in News | Tagged , , , , | Comments Off

Information Regarding Pending Lawsuit Provided on Insurance Renewal Application Does Not Constitute Formal Notice of a Claim

This excellent Agents of America article by Thomas Paschos, Esq. of THOMAS PASCHOS & ASSOCIATES, P.C. (PA) speaks to litigation that arose when an agent provided notice / knowledge of a claim via their renewal application, not thru direct notice to the carrier’s … Continue reading

Posted in News | Tagged , , , | Comments Off

Quality file documentation – A must if your agency is serious about errors & omissions prevention

This is an excerpt from a Rough Notes article that I authored in the January 2012 edition. “Over the years, I have reviewed my fair share of errors & omissions claims. While agents can do many things to enhance the culture and … Continue reading

Posted in Published articles | Tagged , , , | Comments Off

Does your account have a need for professional liability coverage?

When one thinks of Professional Liability, oftentimes the following classes of professional business come to mind: Real Estate Agents, Lawyers, Medical Professionals, Accountants and Insurance Agents. While these are some of the more common, there are more than 100 additional … Continue reading

Posted in Tips | Tagged , , | Comments Off

Looks like drugs and E&O don’t mix…

Attached is a recent news story regarding an E&O claim that a Montana agent is facing dealing with insuring a marijuana operation… Continue Reading Looks like drugs and E&O don’t mix…  

Posted in News | Tagged , , | Comments Off

Do you place business with carriers rated less than your E&O coveage provides?

I recently saw a poll provided by Agents of America (www.agentsofamerica.org) that asked the following question: Would you place business with an insurance carrier even when you do not have full errors and omission coverage in place? (i.e. – Placing … Continue reading

Posted in Tips | Tagged , , , , , | Comments Off

E&O Insights: Social Media Can Be Your Friend or Foe

This is an excerpt from an Insurance Journal article that I authored in the April 2, 2012 edition. “Effective use of the various forms of social media can play a huge role in the success of your business. Therein is … Continue reading

Posted in Published articles, Tips | Tagged , , , , | Comments Off