With more than 40 states now enforcing privacy and security breach notification laws, underwriters are working hard to scoop up the business this niche creates, while also tweaking their policy forms to provide the broadest and most comprehensive coverage.
Over the...
Flashy headlines, evening news broadcasts, and immediate press releases quickly seize the public's attention. The media's portrayal of an event thus drives consumers' preferences and confidences in the marketplace, and can even force consumers to modify their eating...
The recent Toyota auto recall headlines, and other major recall cases from the last year, have caused companies involved in manufacturing or food processing to reevaluate whether they need to purchase product recall insurance, according to companies in the product...
Let's take a test. No, this is not an insurance coverage analysis test or even a personality test; rather it's a "vocation choice opinion" test. Take a few minutes to consider each question and be honest with yourself and the answers. No, this is not scientific, but...
Are you confused about social media marketing? How does it work; is it right for me; how do you even get started? If these questions come to mind, don't fret. You are not alone. In this ever changing and evolving world of online marketing, most insurance agents...
Over the last two weeks the "claims made" policy has been dissected, revealing its inner workings. But before moving on to the keys for choosing the best "claims made" policy form, the heart of the "claims made" policy must be explored: the definition of a...
The Incident Reporting Provision
Nearly all "claims made" forms allow the insured to report a fact or circumstance that will likely or may give rise to a claim at some point in the future. If the reported act or error does evolve into a claim at a later date, the...
No one knows exactly when, but at some point, some senior executive liability underwriter must have moved to an errors and omissions division and discovered the professional liability policy contained no "continuity date" limitation. Errors and omissions...
"I hate my insurer" says the client. "All they ever want to do is settle the claim… after throwing my deductible out the window." Brokers have heard this for years, and as errors and omissions policy holders, many may even think it themselves. Insureds might...
Rarely are clients immediately aware of the wrongful or erroneous actions of the "professional" they trusted to perform specific duties or services; mainly because "professional" acts or errors do not or only seldom cause immediate injury. A "professional's"...
