Tuesday, May 07, 2013Insurance agents often are blamed when accidents or claims occur and their customers don’t have enough insurance coverage. Here are two helpful tips: If you only handle some of your customers insurance, get a statement signed by your customer saying that they only want you to handle the specific coverage that you are placing for them. READ MORE >>
Tuesday, April 23, 2013Even for the most careful insurance agent, there is always the risk of facing a negligence claim made by a client. Although some of the lawsuits may be frivolous or unfounded, the agent is still required to bear the full cost of the lawsuit and pay the damages awarded as stipulated by the judgment. READ MORE >>
Tuesday, March 19, 2013Simply put, Errors and Omissions (E&O) insurance is a policy that protects you when a client suffers financial loss or damage to their reputation because of something you did – or failed to do. That could mean you delivered the wrong product, or the right product to the wrong place, fai... READ MORE >>
Thursday, February 14, 2013Errors 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 huge amounts of money. READ MORE >>
Wednesday, February 13, 2013The insurance industry is constantly changing. Companies enter and exit markets, rates and forms change on a daily, weekly, monthly and annual basis. The reason for this constant change is that the world changes each day which results in a change in the risk that people face each day. READ MORE >>
Friday, January 18, 2013Does 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 inadequate service. READ MORE >>
Monday, January 14, 2013In these days of reduced commissions and increased costs, cheaper is not always better. Here at Insurance By Design our motto is “The Right Coverage at the Best Price”. When working with customers, the first thing we do is the determine what E&O exposure they have. READ MORE >>
Tuesday, December 18, 2012By Louis H. Kozloff and Kenneth S. Merber of Nelson Levine de Luca & Hamilton Superstorm 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 interruption made under homeowners and commercial first-party property policies. READ MORE >>
Tuesday, December 18, 2012Firmer 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 for agents looking to buy protection. READ MORE >>
Friday, December 07, 2012Most 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 READ MORE >>
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