E&O Tips

E&O Tip on “Do some of your watercraft customers know the benefits of a separate policy?”

Now that the warm weather has arrived, your agency will probably have customers looking to get their boats in the water. How are those “toys going to be...

E&O Tip on “Sales Skills and E&O Loss Prevention”

Some might consider it ironic…some may think it magical. But bottom line, there is actually a strong connection between solid sales skills and E&O loss prevention. In...

E&O Tip on “What Enough Coverage”

Is $1,000,000 enough coverage? The issue of "the proper limit" is a common question asked by agents. Unfortunately, this is not an easy question to answer as there...

E&O Tip on “Are you electronically delivering policies?”

This has certainly become much more common over the last couple of years – probably because of the gains, both financially and efficiency, that agents have been able...

E&O Tip – Breaking News Story – Insurance Carriers Are Suing Their Agents!

No, this is not just a headline to get your attention. This is a reality for many agencies. Why does it happen? Could it happen in your shop? Certainly in...

E&O Tip on “The E&O Commitment of an agency is heavily determined by the commitment of their management”

A common phrase for management is that “the buck stops here”. While this is true on many issues, from an E&O perspective, “the buck” not only stops with...

E&O Tip on “E-Mails could play a key role in an E&O claim”

How long is your agency retaining e-mails? In the event of an E&O action against your agency, with few, if any exceptions, you will be asked by...

E&O Tip – The Consent to Settle clause is it really a bad provision?

Most professional liability policies contain a provision that essentially requires the consent of the insured in the settlement of a claim. Carriers typically call it the Consent to...

E&O Tip – Claims Made vs Claims Made & Reported

While there may be some E&O / professional liability policies written on occurrence forms, most are written on some form of a claims-made policies basis. Essentially, this form provides the insurance...

E&O Tip – Policy rescission – potentially your worst E&O nightmare?

Let’s assume that your agency is looking to write an account and for some various reasons, the market is not being as receptive as you would like. Every...