Tag Archives: E&O limits

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

Posted on November 13, 2018 by Curt Pearsall

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 →

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One of the biggest misconceptions on E&O limits

Posted on November 14, 2017 by Curt Pearsall

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 →

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When buying E&O, limits should be the primary focus

Posted on December 1, 2016 by Curt Pearsall

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 →

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Selecting the right E&O limit

Posted on September 13, 2015 by Curt Pearsall

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 →

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Your E&O limit – some things you need to know

Posted on December 9, 2013 by Curt Pearsall

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 →

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What is the right E&O limit ?

Posted on October 27, 2013 by Curt Pearsall

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 →

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Is the size of your agency a good predictor of the potential size of an E&O claim?

Posted on August 29, 2013 by Curt Pearsall

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 →

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Is your insurance agency giving your aggregate limit the proper focus?

Posted on February 13, 2013 by Curt Pearsall

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 →

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Is $1,000,000 E&O limit sufficient?

Posted on March 5, 2012 by Curt Pearsall

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 →

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Your Agent’s Errors & Omissions limit – an extremely important business decision

Posted on July 28, 2011 by Curt Pearsall

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 →

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