Tag Archives: Policy checking

Are you checking your Personal Lines Downloads?

It seems that over the years, as automation has kicked in to a much higher degree, agencies have developed a corresponding higher level of trust on the quality of the work product from their carriers. It is almost like “it’s … Continue reading

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Can a “bad” audit score actually be a good thing? Can a “good” audit score be a bad thing?

Two very interesting questions. Without a doubt, Internal auditing within an agency is one of the best initiatives an agency can have in the establishment of a healthy E&O culture. Auditing serves a very vital role to evaluate to what … Continue reading

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Are you outsourcing your policy checking?

It is fair to say that in many agencies, policy checking probably does not get the attention it deserves. It is not that agencies don’t value the importance of policy checking (although some do not), it just seems that there … Continue reading

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Policy checking – a key final step when moving coverage

Consider the following E&O scenario: An agency looks to move one of their accounts from company A to company B. In the placing of the coverage with company B, one of the coverages (that was on the company A policy) … Continue reading

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What role do your producers play in policy checking?

When one thinks about the sales process, obviously producers play an extremely important role. They gather the necessary information, typically through some type of exposure analysis checklist, they have a hand in the marketing of the account, they are involved … Continue reading

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Policy checking: an important agency responsibility

If an agency were to list all of the various duties that they need to perform and then rank them, I would be very curious where on the list “policy checking” would be. My gut feeling is that this task … Continue reading

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Policy checking – a key aspect of E&O loss prevention

As I have addressed many times in this blog as well as in my webinars and seminars, policy checking is extremely important. I know that agencies would like to believe that the policies are perfect but mistakes do occur and … Continue reading

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The importance of prompt delivery of policies

In the world of Agents E&O, most states impose a duty on the customer to read the policy and to then subsequently advise the agency of any questions or areas in need of correction. This has shown to play a … Continue reading

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