Monthly Archives: December 2014

Property Disclaimers

On virtually all lines of insurance, there is no doubt that commercial property accounts produce the greatest number of large E&O claims. Based on the customer exposures, these E&O claims can easily exceed $100,000 and for some accounts, E&O claims … Continue reading

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Happy Holidays to you and your families

This is a very special time of year and I certainly hope that this Holiday season allows each of you to spend time with family and friends. Be sure to let them know how special they are in your lives. … Continue reading

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How are you “approving” the various intermediaries you are dealing with?

Typically, every agency deals with a variety of intermediaries in placing or servicing of business. Those can include wholesalers, MGA’s, service type companies, stop-loss carriers, third party vendors, etc. From time to time, to meet certain agency production / efficiency … Continue reading

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What’s covered / What’s not

Recently, I came across an agency flyer / promotional piece that addressed a specific class of business (condominiums). It appears that the primary purpose of this document was to, among other things, detail to unit owners what was covered by … Continue reading

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Keep copies of old procedures / manuals

Typically once a year, many agencies will review their current procedures to see if t they are still applicable or are in need of change. Oftentimes, the introduction of new technology into the process will necessitate a change. A good … Continue reading

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E&O Insights: Where Is Your Agency in the ‘E&O Marathon?’

This is an excerpt from an Insurance Journal article that I authored in the December 1, 2014 edition. “There are similarities between deciding to run a marathon and managing your agency’s errors and omissions (E&O) exposure. Very few people, if any, can … Continue reading

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