E&O Procedure Reviews

E&O: Prevention really is the best medicine.

 

E&O loss exposure is a major concern for most agencies, and rightfully so. Many steps can be taken to greatly reduce an agency's risk of an E&O suit.

As an approved E&O auditor for Westport and Utica, Chris Burand conducts a comprehensive review of an agency's procedures from an E&O perspective and provides recommendations for minimizing E&O exposures while better serving the needs of the agency's customers.

A few of the areas covered in the review include:

  • Overall Procedures

  • Account Review Procedures

  • Renewal Procedures

  • Cancellation Procedures

  • Use and management of E&S Markets

  • Agency Infrastructure

Non E&O Exposures are also covered, though not comprehensively. These areas include:

  • Fraud

  • Record Retention

  • Privacy

While no recommendation, procedure, or process can totally eliminate the possibility of an E&O claim, agencies can take steps to minimize their exposure to E&O incidents.

A Burand & Associates' E&O Procedures Review provides the framework every agency needs to start taking preventative measures to minimize their E&O exposures!

NOTE: The E&O Procedures Review contains a framework and recommendations which should allow your firm to minimize its exposure to E&O claims and incidences. No recommendation, procedure or process can totally eliminate the possibility of an E&O claim or incident. Therefore, Chris Burand and Burand & Associates, LLC neither guarantee nor suggest that the recommendations in an E&O Procedures Review will eliminate the possibility of an E&O claim or incident and should not be relied upon as such.

The material contained herein is for informational purposes only and is not intended as legal advice. Seek legal counsel regarding the applicable laws.

215 S. Victoria St., Suite E

Pueblo, CO 81003

p: 719.485.3868

Burand & Associates, LLC is an advocate of agencies which constructively manage and improve their contingency contracts by learning how to negotiate and use their contingency contracts more effectively. We maintain that agents can achieve considerably better results without ever taking actions that are detrimental or disadvantageous to the insureds. We have never and would not ever recommend an agent or agency implement a policy or otherwise advocate increasing its contingency income ahead of the insureds' interests.

A complete understanding of the subjects covered on this Web site may require broader and additional knowledge beyond the information presented. None of the materials on this site should be construed as offering legal advice, and the specific advice of legal counsel is recommended before acting on any matter discussed on this site. Regulated individuals/entities should also ensure that they comply with all applicable laws, rules, and regulations.

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