How E & O Insurance protects your firm or agency. Running a business involves various risks, especially for professionals like attorneys and title agents. One of the most crucial types of insurance to protect your business from potential financial ruin is business E&O insurance. This guide will explain E&O insurance, its importance, and how it…
How can law firms find the best E & O insurance coverage? When it comes to protecting your law firm from potential lawsuits due to professional mistakes, having the right Errors and Omissions (E&O) insurance is crucial. This type of insurance safeguards your business against claims of negligence, errors, and omissions in the services you…
What is a good example of an E and O insurance claim? In the dynamic and often unpredictable world of business, even the most diligent professionals can make errors. This is particularly true for legal professionals, who, despite their expertise and meticulousness, can find themselves facing claims of negligence or mistakes. For law firms and…
Understanding professional liability insurance coverage for law firms and title agencies. In the world of business, risk is a constant companion. Professional liability insurance coverage is a shield against this risk. It provides protection against claims of negligence or inadequate work. This insurance is crucial for professionals who offer advice or services to clients. Without…
How will E&O Insurance Change in the Near Future? The errors and omission insurance market has come under increasing pressure from the rising social inflation and “nuclear verdicts” awarded by courts. Fueling this is a growth in claims filed by aggressive plaintiffs not to mention tremendous changes brought about by the COVID-19 pandemic. For lawyers,…
Do you have the best E&O insurance policy for your law firm or title agency? Errors and omissions (E&O) insurance is a necessity for every attorney and title agent. It’s a prudent and practical way to ensure your firm or agency is protected from financial losses in case you make an error or are accused…
What are Common E & O Claims Title Agencies Face? Title agents are particularly vulnerable to lawsuits. With high-value properties, multiple details to uncover, and a long list of clients to serve, a simple mistake can have significant financial implications and potential damage to the agent’s reputation. That being said, having knowledge of the common…
How to find the best E & O Insurance Provider for Your Firm or Agency A huge part of being an attorney or title agency means having to purchase errors and omissions (E&O) insurance. However, choosing the right insurance plan can be complicated and overwhelming. There are many insurance companies on the market that…
How Errors and Omissions Insurance Protects Title Agencies Making a professional mistake, or just being accused of one, can result in legal claims or lawsuits. As a title agent, your clients expect superior performance and error-free results. That said, some clients do not hesitate to take legal action if they believe they’ve suffered financial losses.…
Why do your clients look for firms with E&O insurance? You need errors and omissions insurance (E&O) to protect you financially from legal costs or damages that may arise. As a professional, you’re expected to adhere to certain standards and best practices for your firm or agency. If a client is unsatisfied with your services,…