Error Omissions
Error Omissions
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Error Omissions
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Category Archives: Error & Omissions

Reducing Insurance Agency E&O Exposures

Insurance agents and producers better than anyone else know that as professionals you are exposed to allegations and claims that an error or omission caused financial damage to an insured. Even with best practices in place, mistakes can happen considering the massive volume of transactions that occur in a typical agency over the course of a year.

The most frequent E&O liability claims for insurance agents include failure to place …

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EPLI: Putting a Social Media Policy in Place

EPLI: Putting a Social Media Policy in PlaceSocial Media Policy, Swift Action Helps Mitigate Employment Practices Exposures

No doubt social media provides effective communication platforms to connect and engage with friends, customers, colleagues and potential clients. But when an employee posts something off color or insulting on Facebook, Twitter and other social media sites, the reaction can be swift and damage a company’s reputation along with impacting its bottom line. If the posts are racists, homophobic, …

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Errors & Omissions Insurance Infographic

 Errors & Omissions Insurance Infographic

Errors and Omissions Insurance covers a wide array of professional industries.  Errors and Omissions insurance is professional liability coverage for claims relating to either providing a professional service or failing to provide a professional service.

From Lawyers to Insurance Brokers, an Errors & Omissions policy is designed to help protect you or your company from bearing the full cost of defense and damages for lawsuits …

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Insurance Agency E&O: The Importance of Reviewing Pollution Liability Exposures

Insurance Agency E&O The Importance of Reviewing Pollution Liability ExposuresEnvironmental Risks for Real Estate & Construction Industries Require Securing Specialized Coverages for Clients

Companies and organizations across all industry sectors are taking initiatives to green their properties and operations. It makes good business sense as increasingly more consumers are looking at a corporation’s sustainability practices and carbon footprint when making purchasing decisions. It also makes good economic sense as there are gains to be realized with an energy-efficient building …

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E&O: New Florida Law May Limit Individual Liability for Design Professionals

E&O New Florida Law May Limit Individual Liability for Design ProfessionalsStatute Provides Limited Statutory Immunity to Design Professionals

Under a new Florida statute, which is effective July 1, 2013, design professionals in the Sunshine State may contractually limit their individual liability for negligence occurring within the scope of their employment. Design professionals are architects, interior designers, landscape architects, engineers, surveyors or geologists as defined under Florida’s law.

Under prior law, design professionals could be individually liable for damages …

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Insurance Agents’ Move to Specialize Causes E&O Issues

E&O Issues Facing Insurance Agents As the Move Into Specialization Grows, On-line Data Capturing Increases

Many insurance agencies are making the move from generalists to specialists, targeting specific markets and industries to provide insurance and risk management strategies, in addition to employee benefits, HR consulting, and financial planning. They’re offering turnkey professional services to industries they cater to, such as, for example, hospitality, food processing, energy, technology, municipalities, and others.…

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Error Omissions
Error Omissions
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