Monthly Archives: February 2015

E&O Insights: How to Calm the E&O Waters When Insuring Marinas

This is an excerpt from an Insurance Journal article that I authored in the February 23, 2015 edition. “As spring approaches, agencies may have some opportunities to secure commercial accounts dealing with watercraft business. These accounts, typically classified as marinas, boat yards … Continue reading

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How are you introducing your new staff to the concept of E&O?

Recently during a recent visit with a high quality professional agency, I had the honor and pleasure of meeting with many of their newer employees to discuss the concept of E&O and the key initiatives that have been shown to … Continue reading

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What is the silver bullet to preventing E&O claims?

In actuality, there is no “one item” that can prevent E&O claims from occurring. However, there is a process / procedure that has been shown to be extremely effective in minimizing the potential of an E&O claim. A little backdrop … Continue reading

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How are you confirming coverages that have been declined ?

While it would be nice if your clients bought every coverage you proposed, unfortunately that is not the reality. So whether the client is brand new or one that you have had for a number of years, there will be … Continue reading

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How are you monitoring the financial condition of your carriers

Over the next 3-4 months, the various financial rating agencies will be reviewing the 2014 (and prior) data from virtually every insurance carrier. Obviously there is the potential for the ratings of some of the carriers to go up while some … Continue reading

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Is there a procedure to ensure that Management is made aware of uncovered losses?

In the world of Agents E&O, in the vast majority of the situations, the issue that drives / enhances the potential for an issue to become an E&O claim is an uncovered loss suffered by one of the agency clients. … Continue reading

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