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.

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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.

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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

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

• Fraud

• Record Retention

• Privacy

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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.

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

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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.

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