Category Archives: Tips

Your aggregate E&O limit – are you giving it the proper attention?

Ask most agencies what their E&O limit is and they will typically provide you with the per claim limit. And without a doubt, this is an important number especially in light of the increasing severity (cost of a paid claim) … Continue reading

Posted in Tips | Tagged , , , | Comments Off on Your aggregate E&O limit – are you giving it the proper attention?

How would you feel if one of your files was involved in an E&O claim?

First, it is important to point out that just because one of your files became the heart of an E&O claim, this does not mean you did anything wrong. An agency can do all the right “best practices” and still … Continue reading

Posted in Tips | Tagged , , , | Comments Off on How would you feel if one of your files was involved in an E&O claim?

Do I have enough insurance?

How would you (or your staff) answer that question from a client? Hopefully you have given this issue some thought as your answer can have some significant consequences if a problem develops down the road. Let’s look at the question … Continue reading

Posted in Tips | Tagged , , | Comments Off on Do I have enough insurance?

E&O, D&O, Cyber and EPL – what do they have in common?

The one major issue they all have in common is that there is no uniformity in the various carrier policy forms. Each carrier has their own issues which makes them different. The difference could be a good thing…it could be … Continue reading

Posted in Tips, Uncategorized | Tagged , , , , , , , , , | Comments Off on E&O, D&O, Cyber and EPL – what do they have in common?

Are your clients vulnerable to social engineering claims?

With few exceptions, most businesses are vulnerable. What exactly is “social engineering”? In the context of information security, it is defined as “the use of deception to manipulate individuals into divulging confidential or personal information that may be used for … Continue reading

Posted in Tips | Tagged , , , , , , , | Comments Off on Are your clients vulnerable to social engineering claims?

What are your 2019 E&O goals?

As we start the month of October, this is the time where most agencies are giving serious thought to their goals and objectives for the upcoming year. While this will most certainly include those goals dealing with premium volume, new … Continue reading

Posted in Tips | Tagged , , , , | Comments Off on What are your 2019 E&O goals?

Claims handling – watch what you say

Now that Hurricane season is upon us, there is certainly a greater likelihood that Mother Nature could cause a more significant number of your agency customers to suffer a loss of some type. As the old adage goes “nothing brings … Continue reading

Posted in Tips | Tagged , , , , | Comments Off on Claims handling – watch what you say

Do you have established written procedures for your E&S business?

For as long as the insurance industry has been around, the Excess and Surplus Lines (E&S) marketplace has played a key role in helping agents place a wide array of coverages. But with that value certainly comes some uniqueness and … Continue reading

Posted in Tips | Tagged , , , , | Comments Off on Do you have established written procedures for your E&S business?

Is Education one of your 2019 goals? It probably should be.

Around this time of year, most agencies start to give some thought to their goals for the next year. There is a good chance that they will come up with several initiatives and since some of these may involve some … Continue reading

Posted in Tips | Tagged , , , , | Comments Off on Is Education one of your 2019 goals? It probably should be.

Ever have a close call?

Many agencies go through their entire career without ever facing an E&O claim. For many others, they can count the number of E&O claims they faced during their career on one hand and probably have a finger or two left … Continue reading

Posted in Tips | Tagged , , , | Comments Off on Ever have a close call?