-
Recent Posts
Categories
Blogroll
News
Useful Links
- A.M. Best Daily news
- A.M. Best daily news via video
- American Insurance Marketing & Sales Soc.
- Business Insurance
- Council of Insurance Agents & Brokers
- CT Employment Law Blog
- Independent Insurance Agents & Brokers of Ammerica (IIABA)
- Insurance Information Institute
- Insurance Journal
- Professional Insurance Agents (PIA)
- Property & Casualty 360
- Rough Notes
Archives
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- January 2011
- December 2010
- November 2010
Tag Archives: E&O limits
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 Agents E&O, e&o claims, E&O limits, E&O policy
Comments Off on Your aggregate E&O limit – are you giving it the proper attention?
One of the biggest misconceptions on E&O limits
Recently, I saw the results of an E&O survey conducted by Insurance Journal with one of the questions focusing on the E&O limit that agencies bought. Roughly half (49.4% to be exact) had E&O limits of $2million or less. If … Continue reading
Posted in Tips
Tagged Agents E&O, e&o claims, E&O limits, E&O policy, Insurance agents
Comments Off on One of the biggest misconceptions on E&O limits
When buying E&O, limits should be the primary focus
Imagine the scenario, your agency has just been advised that you are being sued in an E&O matter. Would you rather have $1,000,000 limit of liability and a $1,000 deductible or a $2,000,000 limit and a $5,000 deductible? I would … Continue reading
Posted in Tips
Tagged Agents E&O, Agents E&O policy, e&o claims, E&O limits, Errors and Omissions, Securing Agents E&O
Comments Off on When buying E&O, limits should be the primary focus
Selecting the right E&O limit
Without a doubt, most agents would like to know the exact limit they should carry on their E&O policy. Some agents approach this by analyzing their book of business specifically looking to determine what is the maximum limit they provide … Continue reading
Posted in Tips
Tagged Agents E&O, Agents E&O policy, aggregate limit, E&O limits, Errors and Omissions
Comments Off on Selecting the right E&O limit
Your E&O limit – some things you need to know
Traditionally, January 1 has been a common anniversary date for many P&C accounts. Actually for many insurance agencies, this is a very common anniversary date for their E&O insurance. However, whether this is your anniversary date or not, there are a … Continue reading
Posted in Tips
Tagged Agents E&O, aggregate limit, e&o claims, E&O limits, E&O policy, E&O protection, Insurance agents
Comments Off on Your E&O limit – some things you need to know
What is the right E&O limit ?
This is one of the most common questions that I am asked in my E&O seminars. Unfortunately, it is not an easy question to answer. In fact, in some respects, it is an impossible question to answer. First, it is … Continue reading
Posted in Tips
Tagged Agents E&O, E&O limits, E&O policy, Errors and Omissions, Insurance agents
Comments Off on What is the right E&O limit ?
Is the size of your agency a good predictor of the potential size of an E&O claim?
In other words, is it fair to say that smaller agencies only have the potential to generate a smaller E&O claim? While I understand why some agency owners would think that way, in actuality, smaller agencies are just as likely … Continue reading
Posted in Tips
Tagged Agents E&O, e&o claims, E&O limits, Errors and Omissions
Comments Off on Is the size of your agency a good predictor of the potential size of an E&O claim?
Is your insurance agency giving your aggregate limit the proper focus?
In E&O policies, there are typically two sets of limits. The first is the limit for each claim (as defined by the policy) and the second is called “the aggregate”. This represents the total limits available for all claims made … Continue reading
Posted in Tips
Tagged aggregate limit, E&O limits, Errors and Omissions, Insurance agents, Professional Liability
Comments Off on Is your insurance agency giving your aggregate limit the proper focus?
Is $1,000,000 E&O limit sufficient?
This was a question from the floor during a recent Agents E&O panel that I was honored to be part of. While some may contend that there are numerous answers to this question, I am not among that group. One … Continue reading
Posted in Tips, Uncategorized
Tagged Agents E&O, aggregate limit, E&O limits, Insurance agents, per claim limit, Professional Liability
Comments Off on Is $1,000,000 E&O limit sufficient?
Your Agent’s Errors & Omissions limit – an extremely important business decision
No doubt, the goal of your agency is to grow and firmly establish yourself within the communities you serve. Unfortunately, there are some agencies whose dreams were cut short because they were hit with an E&O claim for damages well … Continue reading
Posted in Tips
Tagged Agents E&O, aggregate limit, e&o claims, E&O limits, Errors and Omissions, Insurance agents, Liability, Professional Liability
Comments Off on Your Agent’s Errors & Omissions limit – an extremely important business decision