Errors and omissions insurance is a form of liability insurance. It protects companies against the full costs of a claim made by a client against a professional who provides advice or a service such as a consultant, financial adviser, insurance agent, or a lawyer.
For example, a client may sue an adviser or broker after an investment goes sour, even if the risks were well-known and within the guidelines established by the client. Even if a court or arbitration panel finds in favor of a broker or investment adviser, the legal fees can be very high, which is why E&O insurance is important.
The benefits E&O insurance gives companies or individuals vary greatly depending on the policy and issuing insurance company. E&O insurance may or may not cover temporary employees, claims stemming from work done before the policy was in force, or claims in various jurisdictions. These policies do not cover criminal prosecution and certain liabilities that may arise in civil court not listed in the policy.
Do you have the right tools in case of an emergency? Not the ones on the tool belt. Homeowners insurance, flood insurance, earthquake insurance, car insurance, and life insurance? Don't wait until it's too late. Plan for the future and get the right tools from us.
Now is the time to purchase home flood insurance, according to FEMA and national flood officials. Floods are among the deadliest natural disasters in the United States, and it's not getting any better.
When comparing this year’s potential flooding to back in 2011, many scientists conclude that climate change is in part to blame for the changes.
Fun Fact Friday!
The Uram Insurance Agency has been licensed in 6 more states recently! We are now up to 12 states in total. We’ve added Kansas, Nebraska, Oklahoma, Colorado, California, and Ohio to the list of states we are able to write policies in!
If you have insurance needs in these states as well let us know!
The Internal Revenue Service (IRS) issued today a warning to alert taxpayers and tax professionals of an active IRS impersonation scam campaign sending spam emails to deliver malicious payloads.
This warning was issued after the IRS received several reports from taxpayers during this week regarding unsolicited messages with "Automatic Income Tax Reminder" or "Electronic Tax Return Reminder" subjects, coming from scammers impersonating the U.S. revenue service with the help of spoofed email addresses. "The emails have links that show an IRS.gov-like website with details pretending to be about the taxpayer's refund, electronic return or tax account," says IRS' warning. "The emails contain a 'temporary password' or 'one-time password' to 'access' the files to submit the refund. But when taxpayers try to access these, it turns out to be a malicious file." Cyber-insurance is an insurance product used to protect businesses and individual users from Internet-based risks, and more generally from risks relating to information technology infrastructure and activities. Risks of this nature are typically excluded from traditional commercial general liability policies or at least are not specifically defined in traditional insurance products. Coverage provided by cyber-insurance policies may include first-party coverage against losses such as data destruction, extortion, theft, hacking, and denial of service attacks; liability coverage indemnifying companies for losses to others caused, for example, by errors and omissions, failure to safeguard data, or defamation; and other benefits including regular security-audit, post-incident public relations and investigative expenses, and criminal reward funds.
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Flood Prep is not something everyone thinks about- until its too late. Take these precautions and prepare as much as possible. Check out the blog --> http://ow.ly/t5BX50w7e1M #FloodInsurance#HomeInsurance#FloodSmart
The goals of a business is to provide optimal service that has the greatest positive impact for both the business and the client. Remember, business is always a relationship no matter how you look at it.
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🔑💰🌊When starting a new flood insurance policy, there are three exceptions to the 30-day waiting period:
1. New Map Revision: Within the first 13 months following the revision of a flood map in the property’s community, where the building is now in the SFHA, flood insurance coverage becomes effective after one day.
2. New Mortgage Loan: Coverage becomes effective the day of closing when a mortgage loan transaction relates to the initial purchase of flood insurance.
3. Post-Wildfire: Coverage becomes effective immediately if the covered property experiences a damage caused by flooding from federal land by post-wildfire conditions.
Full article: www.linkedin.com/pulse/dont-wait-until-last-minute-buy-flood-insurance-enrique-lairet-pe
. #floodmoney#floodinsurance 🌊💰 #realestate#realtors#investing#insurance
The period beginning September 10th through the end of October is considered peak Hurricane Season according to the NOAA. This pictures shows the average per the past 100 years of active Named Storms(red) and Hurricanes (yellow) on each day of the Atlantic Hurricane Season.
ARE YOU AND YOUR BUSINESS PREPARED? Call us today for your personal and business needs.
0 711 September, 2019
UMBRELLAS ARE RARELY USED
UMBRELLAS ARE ALL BUT FORGOTTEN
UMBRELLAS HELP YOU IMMEDIATELY
Family risks can cause financial loss preventing dreams from coming true. Let us help you open your umbrella policy.
If you’re a homeowner, the chances of you being an insurance guru are low. Initiating a claim or negotiating insurance claims are a tedious business which is why we’ve compiled some tips, tricks, and strategies that will help you win the settlement you deserve. Even if this is your first rodeo, you can find yourself acquiring whopping and unexpected settlement cash. But it’s important to note that no matter how many tricks of the trade you pull, you can’t do it without a public adjuster.