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Tag Archives: errors and omissions

Bulletproof Your Practice: Lawsuit Defense 101

Bulletproof Your Practice: Lawsuit Defense 101

Insurance agents and agencies are increasingly being targeted by trial lawyers with errors and omissions lawsuits – the financial equivalent of the malpractice claim. According to data from Demotech, Inc., 28.4 percent of sampled agencies reported having had an errors and omissions claim within the last five years – up from 22.8 percent of respondents the year before.  Use your …

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Protection from Lawsuits – Errors and Omissions Insurance Basics

Protection from Lawsuits - Errors and Omissions Insurance Basics

In the financial services sales world, the threat of a lawsuit is just part of the cost of doing business. Insurance agents and financial advisors expose themselves to the threat of a lawsuit almost every time they put pen to paper – and even the most dedicated and knowledgeable agent isn’t immune. Lawsuits typically arise out of miscommunications, which can …

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