The errors and omissions (E&O) insurance policy covered the professional’s financial liability.
Taking out professional liability insurance is not uncommon for businesses. And while it is only occasionally required, some choose to purchase it anyway. Why? This type of coverage can come in handy if anything goes wrong with a printing press, financial advice, organized event, or a recently sold real estate property. And while issues like […]
When it comes to illegal or deceptive practices in the insurance industry, it is not hard to identify them. Overcharging clients, making misleading statements, stalling, or minimizing claims — those are examples of unfair tactics. Naturally, federal law prohibits such fraudulent practices as sliding. For instance, the OIR in Florida issued a memorandum back in […]
HOAs are generally created by and within the neighborhoods of privately owned houses or condominiums. As mentioned before, HOA is a type of community association, which is a general term for various union forms.
Prepared by: Beverley Brakeman – for C-E-O.net Over 61% of Americans get their health insurance from their employers. In CT, it is estimated that 2/3 of residents get their health insurance from their employers (OHCA 2004 Small Employer Health Insurance Survey, 2004). Additionally, the majority of the uninsured in CT today have at least one person […]
If you ever experienced a theft or larceny, you are familiar with the feeling. Such experience often triggers regret and anger. And as a result, people feel the need to enhance the protection of their property. With 6.92 million property crime cases reported countrywide back in 2019, it is only fair for people to feel […]
Slowing down the review of insurance claims, increasing premium payments, and putting drivers at risk — these are the typical consequences of insurance fraud. While it might seem that insurance scam cannot hurt anyone, rapidly increasing auto insurance rates prove otherwise. With fraudsters regularly practicing their schemes, even cautious drivers are at risk. For instance, […]