Agents frequently insure entities on whose boards they serve. There are inherent conflicts and dangers in this business-building approach. Exercise Caution!
Continue reading about Caution! — Agents on Boards – 2/4/10 Knowledge Knugget
Many agents serve on boards of directors, frequently non-profit, sometimes for-profit, and end up writing the entity’s insurance. From a D&O perspective, this creates an inherent conflict of interest, and from an Agents E&O perspective, often creates an uncovered cause of loss, should a claim arise.
I think most agents who write insurance under these circumstances [...]
D&O policies are not intended to cover professional services, even though the entity and the employees are insured for their wrongful acts.
Continue reading about D&O Policy for Professional Exposures?
A much-needed tool for agents to get discussion about executive protection products on the table with their insureds.
Continue reading about Executive Protection Checklist Updated
Underwriters and brokers frequently struggle to manage the workload of 7/1 and 1/1 renewals. Bottlenecks and the resultant poor service and added stress can easily be avoided. Just ask!
