Securing workers' compensation coverage in all states where employers have workers and payroll is critical. Failure to do so can create uninsured claims and the potential for a large E&O loss. When discussing WC coverage, it is important to ask, "Where do you currently have work,...
Having been in the industry for several years, I have had several opportunities to quote that new and exciting risk I have never quoted before. A challenge, something different, and the doors this may open. We have all been there, especially when you are a...
If you are wondering why I chose this title, it is a follow-up to my December E&O Plus webinar: "Wish I Had a Crystal Ball." The webinar aimed to make us think about where we have been, where we are, and, more importantly, where the...
The 80/20 rule, also known as the Pareto Principle, states that roughly 80% of the effects come from 20% of the causes, meaning that a small number of inputs disproportionately impact the outcome. The rule has since been applied in various fields, including economics, management, marketing,...
Over the years, "automatic status" additional insured endorsements have increased. In these endorsements, additional insured status is triggered by a written contract. Agents will indicate on a certificate of insurance that "additional insured status is added per written contract." Sometimes, this wording is mandated by...
“My idea of Christmas whether old-fashioned or modern, is very simple: loving others. Come to think of it, why do we have to wait for Christmas to do that?” — Bob Hope To each of you and your families and friends, may the holidays be everything you hope...
You will probably consider this important question at some point in the future. Without a doubt, the question can be divided into many areas, including: Your legacy in the working world Your legacy as a parent Your legacy in your non-working life, such as the...
At the recent E&O Plus conference, some time was dedicated to what is categorized in the industry as Standard of Care. This concept is extremely important as it can play a key role in impacting the results of any E&O litigation. There is a tremendous...
When we think of Thanksgiving, turkey, mashed potatoes, apple/pumpkin pies, and football probably come to mind. Hopefully, spending time with family and truly giving thanks for those things and people in your life brings fond memories. Many may think of the famous Macy's Day parade....
In my 37 years entrenched in the world of E&O, I have encountered many agencies that have never encountered an E&O matter. Good for them. This seems to resonate in their minds that addressing key E&O loss prevention issues is not as important. One of...