The cryptocurrency industry is growing, and it’s important for insurance agents to understand the risks.
Tag: E&O insurance
Westfield Specialty Names Head of Cyber/PL Claims
WestfieldPro of Westfield Specialty is expanding its errors and omissions (E&O) and cyber liability offering and planning to enter the primary space after a successful first year in the market. Executive vice president and head of professional lines Dan Wadley; executive vice president Jeff Kulikowski; vice presidents Dennis O’Connell, Brian McCall, Christine Dickenson, and John… Continue reading Westfield Specialty Names Head of Cyber/PL Claims
Hanover Study Confirms Importance of Errors and Omissions Insurance for Professional Service Providers
A recent study from The Hanover Insurance Group, Inc. found nearly half of professional service providers faced allegations of non-performance by customers in the last two years, underscoring the need for professional liability insurance, also known as errors and omissions insurance. The study, conducted in conjunction with Zogby Analytics, surveyed decision-makers at professional service firms,… Continue reading Hanover Study Confirms Importance of Errors and Omissions Insurance for Professional Service Providers
Brokers May Face a COVID-19 BI Wordings E&O Storm from Two Sides
Brokers face a risk of coming under fire from two sides as the litigation and complaints over pandemic related business interruption from Covid-19 spread, with the potential for intermediaries to find themselves in the middle of an E&O storm. With carriers stating that pandemic related business interruption was never envisaged to be covered under many… Continue reading Brokers May Face a COVID-19 BI Wordings E&O Storm from Two Sides
The Hanover Announces Enhanced Protection for Technology Clients
The Hanover Insurance Group, Inc. today announced the launch of Hanover Technology Professional and Cyber Advantage, an integrated and broad errors and omissions, cyber, and risk management solution for technology businesses. Designed to help address the complex and evolving risks facing technology companies, this flexible coverage solution can be customized to meet the needs of… Continue reading The Hanover Announces Enhanced Protection for Technology Clients
InsurTech Corvus Expands Offering with the Launch of Smart Tech E&O
Boston-based InsurTech, Corvus Insurance has expanded its product line with the launch of Smart Tech E&O, a data-enabled Tech E&O and Cyber Liability policy which helps both brokers and policyholders better predict and prevent risk. The product assists both brokers and policyholders through automated IT security analysis, industry benchmarking and ongoing monitoring, as well as… Continue reading InsurTech Corvus Expands Offering with the Launch of Smart Tech E&O
U.S. Risk Announces Acquisition of U.S. E&O Brokers
U.S. Risk, LLC, a top ten property and casualty wholesaler and MGA announced today that it has acquired U.S. E&O Brokers (“U.S. E&O”), a wholesale broker and MGA focused on delivering professional lines coverage for insurance agents. U.S. E&O is headquartered in Houston, Texas, with additional locations in Connecticut, Colorado and New Mexico. The U.S.… Continue reading U.S. Risk Announces Acquisition of U.S. E&O Brokers
Liberty Mutual Enhances Insurance Agents Errors & Omissions Program
To better protect insurance agents, Liberty Mutual has strengthened its Agents Errors & Omissions Program, significantly enhancing, clarifying and revising key forms and endorsements. “We’ve made a great product even better,” notes Todd Stevenson, Underwriting Manager, National Insurance Specialty Programs, Liberty Mutual. “We’ve broadened key coverages, including a change from claims-made and reported to a… Continue reading Liberty Mutual Enhances Insurance Agents Errors & Omissions Program
Geomni Forms Strategic Alliance with DroneBase to Access the World’s Largest Pilot Network for Property Inspections
Geomni, a Verisk business, and DroneBase, the world’s largest global drone operations company, today announced a strategic alliance that adds DroneBase’s pilot network and API to Geomni’s fleet of fixed-wing aircraft to expand property inspections globally. “The insurance industry is beginning to tap into the power of drones, and aligning with Geomni should demonstrate the… Continue reading Geomni Forms Strategic Alliance with DroneBase to Access the World’s Largest Pilot Network for Property Inspections