NASBP MEMBER PROPRIETARY ACCESS TO RISK MANAGEMENT TOOLS

In today’s litigious society, no insurance agency is completely immune from an errors and omissions (E&O) claim. Recent studies have shown that many insurers have had a reportable incident. Over the next several years, that ratio is projected to increase.
 
While there is no way to totally protect yourself from a potential lawsuit, the institution of sound business practices within your agency can significantly mitigate the exposure. In order to help NASBP surety bond producers reduce their risk, Rockwood has partnered with loss control experts to develop an inventory of risk management tools. These valuable resources are available only to NASBP surety bond producers that participate in the NASBP E&O Affinity Program.

Risk Management Topics

• Cash Management Procedures
• Claims Handling
• File Record Maintenance
• Proper Handling of Mail and Other Incoming Documentation
• Independent Contractors & Leased Employees
• Surplus Lines and Non-Admitted Companies

MORE INFORMATION ABOUT AGENTS’ E&O INSURANCE 

Below are articles offering some guidance about agents’ E&O Insurance. 

Making E&O Part of the Agency Plan
Errors and omissions tactics and tools
By Dave Willis

Agents E&O: The Cobbler's Kids
Too busy serving clients, agents may neglect their own insurance needs
By Dave Willis