Monthly Archives: June 2015

Does your customer know whether the WC policy is subject to audit?

In the majority of E&O claims, the litigation is due to an underlying bodily injury or property damage claim that was not settled to the satisfaction of the customer. However, there have been numerous E&O claims where the allegation deals … Continue reading

Posted in Tips | Tagged , , , , | Comments Off on Does your customer know whether the WC policy is subject to audit?

Does This Sound Like YOUR Underwriter?

Oftentimes, in any given day, agency staff are going to interact with their insurance carrier underwriters on a variety of questions and issues. It seems to be common for the agency staff to feel comfortable and confident with the answers … Continue reading

Posted in Tips | Tagged , , , , | Comments Off on Does This Sound Like YOUR Underwriter?

E&O Insights: When Should You Offer an Umbrella?

This is an excerpt from an Insurance Journal article that I authored in the June 15, 2015 edition. “If one were to ask an agency how many of its personal and commercial accounts have an umbrella, most agencies should be able to … Continue reading

Posted in Published articles | Tagged , , , , | Comments Off on E&O Insights: When Should You Offer an Umbrella?

Is your agency a better E&O risk today compared to a year ago?

When answering this question, regardless of your position within the agency, it is crucial to be honest because there are many factors into determining this. Some key issues include: Management/Leadership Management must clearly and frequently demonstrate its E&O commitment by “walking … Continue reading

Posted in Tips | Tagged , , , , , , | Comments Off on Is your agency a better E&O risk today compared to a year ago?

Do you have customers that are doing business in multiple states?

If so, are they covered by workers compensation if an employee were to get hurt? Going back to my early years in the business (late 70’s), the common way to provide workers compensation coverage for a client was to add … Continue reading

Posted in Tips | Tagged , , , , , , | Comments Off on Do you have customers that are doing business in multiple states?

Contract / Lease reviews

For many classes of business (especially contractors), agents are often asked to review contracts / leases to determine how well the client’s insurance program meets the requirements of a proposed contract. While this type of review is one that many … Continue reading

Posted in Tips | Tagged , , , , , | Comments Off on Contract / Lease reviews

When are you contacting your E&O carrier regarding claims?

Ask this question of most agency execs and it would be common to hear that the E&O carrier is contacted when the agency is served with some type of legal papers, a/k/a summons and complaint. While this is definitely a … Continue reading

Posted in Tips | Tagged , , , , | Comments Off on When are you contacting your E&O carrier regarding claims?

Does your client have a “professional liability” exposure

When agency producers think of professional liability (a/k/a errors and omissions), some of the more common types of risks probably come to mind. Those include lawyers, real estate agents, a host of medical professionals, accountants and others. What producers need … Continue reading

Posted in Tips | Tagged , , , | Comments Off on Does your client have a “professional liability” exposure