SwissRe Corporate Solutions and the Big "I" Professional Liability risk management team recently surveyed their E&O defense attorneys to gain more perspective into the agent's E&O litigation environment and to get real-world feedback.
Here are the results broken down by topic to provide direction on where potential E&O claims may be lurking in your agency.
Common allegations made against agents
Things to remember when claims occur
Most common agency errors seen
Preventing E&O claims
Prevailing when it happens to you
What's exposing your agency?
What does good documentation consist of?
Using checklists and questionnaires
Cases where the agents prevailed
Preparing and participating in depositions
Preparing and participating in mediations
Emotions during the claims process
Average staff time dealing with a claim
What to look for in a claims department