Tag Archives: Errors & Omissions

How Your Company’s Website Could Be an E&O Exposure

A company website is an important aspect of a business’s online presence. Your business’s website is often the first impression your company gives to potential customers. It should be clear, clean, easy-to-navigate and contain enough information to answer common customer and potential customer questions and leave visitors with a good grasp of what your company is about.

In contrast, a website – even one that looks great – can actually …

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3 Things to Consider When Purchasing E&O Insurance


3 Things to Consider When Purchasing E&O Insurance
Errors and omissions (E&O) insurance is the essential policy that covers a business or individual consultant in the event that a client accuses them of being responsible for a wrongdoing in a service they provided, or failed to provide. E&O insurance may be called by different names; for example, in the medical field it is often referred to as malpractice insurance and for some types of professionals in may be …

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D&O and E&O Insurance: What’s the Difference?

D&O and E&O Insurance: What’s the Difference?

On the surface, it can be tough to tell the difference between directors & officers (D&O) and errors & omissions (E&O) insurance. Both policies, at their core, are designed to safeguard a business against losses from claims of negligent or malicious acts. However, this does not mean that the two policies are interchangeable. That is a common misconception, but the two policies each have distinct areas that they cover, and

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Professional Liabilities During the Holidays

Professional Liabilities During the HolidaysThe holidays are a busy time for everyone. Between buying gifts for your friends and family, planning vacations, decorating your home, having and attending parties, and hosting houseguests, many people are likely very stressed during the month of December. In addition to the pressure of trying to get work completed in the midst of the additional responsibilities of the season, there are several workplace liabilities that appear or increase in

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Common Employment Practices Liabilities in the Hiring Process

Common Employment Practices Liabilities in the Hiring ProcessThe hiring process can be wonderful for employers, but while it is exciting to add new talent to the team, the process can be dangerous if you are not careful. Just as applicants are expected to obey certain codes of conduct when applying for jobs, employers need to mind their behavior as well, though it’s not just  about etiquette: there are many legal restrictions on the hiring process, and disobeying

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Inside Look at Management Consultant E&O Insurance

Inside Look at Management Consultant E&O InsuranceProtect Your Firm with Management Consultant Errors & Omissions Insurance Coverage

As a management consultant firm, people rely on your area of expertise to deliver results. You go through an entire process to determine your prospective client’s needs and expectations and how you can address these needs. In many cases, there is an RFP that allows you to respond with a creative solution to a business problem or issue. In …

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Inside E&O Coverage When Buying or Selling An Insurance Agency

Inside-EO-Coverage-When-Buying-or-Selling-An-Insurance-Agency-300x188Reviewing Errors & Omissions Insurance Critical During M&A Process

In the last several years, we have seen a significant amount of activity in insurance agency mergers and acquisitions (M&As). In fact, 2012 was a banner year for M&As with about 325 deals made with the majority of buyers independent agents. Deals were made across the country, particularly in heavily populated regions, such as California, Florida, New York, Texas, Illinois, New …

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Axis Insurance Services CEO Mike Smith Guest Panelist at 8th Annual National E&O Insurance ExecuSummit

Mike Smith (Small)Axis Insurance Services CEO Mike Smith Guest Panelist at 8th Annual National E&O Insurance ExecuSummit

 

Mike Smith, CEO of Axis Insurance Services and PLRisk Advisors, will be participating on an distinguished panel at the 8th Annual National Errors & Omissions Insurance ExecuSummit taking place at the Mohegan Sun Resort & Convention Center in Uncasville, Connecticut, on June 17 & 18, 2014. He will be a guest panelist on …

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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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Survey Shows Lawyer’s Malpractice Claims Are Up

Mergers, New Hires Have Boosted E&O Claims

Attorneys are increasingly finding themselves on the wrong end of a lawsuit as they face a rise in legal malpractice (errors and omissions) claims, according to recent findings in a survey of seven major global insurers. The participating insurers represent approximately 80% of the largest 250 law firms in the United States.

Five of the seven insurers, cites the survey, saw an uptick …

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