Insurance agents often are blamed when accidents or claims occur and their customers don’t have enough insurance coverage. Here are two helpful tips: The recent explosion in West , Texas resulted in 15 deaths, 200 injuries and $100 million or…
Errors and Omissions insurance, also referred to as professional liability insurance, is crucial to businesses that offer professional services, particularly technology firms. Oftentimes, in the process of handling clients’ needs, IT professionals may make errors that may cost the business…
Does your business need errors and omissions insurance? To answer this question, you must first understand what E&O insurance is. Basically, it is a professional liability insurance meant to protect businesses from claims made by customers for negligent actions and…
By Louis H. Kozloff and Kenneth S. Merber of Nelson Levine de Luca & HamiltonSuperstorm Sandy’s impact on the insurance industry has been and will be profound. Predictably, the most direct impact will be claims for property damage and business…
Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and omissions coverage where they can pose challenges…
Most businesses carry general liability insurance. However, healthcare professionals along with professionals (e.g., architects, attorneys, accountants, etc.) need an additional layer of insurance, known as Errors and Omissions Insurance. How E&O Insurance Protects You In the event that a patient…
What is E&O insurance? Errors and omssions (E&O) is the insurance that covers your company, or you individually, in the event that a client holds you responsible for a service you provided, or failed to provide, that did not have…
Sometimes insurance agents spend so much time making sure that their clients are covered that they forget to cover themselves. This can be an extremely costly oversight. Even a perfectionist that has never had an issue with clients in the…