By: Virginia Bates Most agency errors & omissions claims have some commonality. This article presents a few examples you can use to prevent a potential claim against your agency when managing client signatures. All of the potential errors and omissions (E&O) problems below have a common issue. Can you tell what that is? Did you find…
By: Brendan McNeal A customer has requested a policy, and you have procured a quote. The coverage looks good. The deductible looks good. Most importantly to your customer, the premium looks good. Coverage is bound. Time goes by, a year or two. Maybe 10. Then there’s a loss. A claim is filed, and fortunately, there’s coverage.…
By: Nancy Germond Question: “I currently write a very nice tree service account, which is coming up for renewal in a couple of months. Last year, we had some stiff competition and barely kept the renewal. I suspect that this year will be no different, so I’ve already touched base with the underwriter about renewal pricing.…
By: Caryn Mahoney Imagine reading this headline in your local newspaper: “No coverage for $2 million judgment against apartment owner for shooting death.” The story goes on to say that the insurance agent “probably could not have gotten coverage for assault and battery.” What would you think if you lived in that neighborhood? Or if you…
