July 20, 2012 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
“Learned professions” including legal, medical, engineering, accounting and financial services firms were formerly alone in being regarded as professional services firms. According to a number of courts, though, this term has been broadened to describe a wider and more diverse group including firms providing physical or manual services. These firms can include plumbers, roofers, exterminators, […]
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Executing E&O Claims
May 6, 2014 / by KMRD Partners / One Minute From Normal Series / 0 comments
At our website www.oneminutefromnormal.com we ask visitors the question: What if an unscheduled event suddenly seizes control of your business? Are you ready? Even the best managed professional services firms can potentially be accused of negligence by a client or vendor. After all, even conscientious, diligent staff members can make mistakes. As a result, it […]
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Anticipating E&O Claims
August 6, 2013 / by KMRD Partners / One Minute From Normal Series / 0 comments
Anticipating E&O Claims/heading] Even the best managed professional services firms can potentially be accused of negligence by a client or vendor. After all, even conscientious, diligent staff members can make mistakes. As a result, it is imperative to choose an E&O policy that can protect your firm’s assets and reputation from potential financial ruin. When […]
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Does Your Company Need E&O Liability Coverage?
July 20, 2012 / by KMRD Partners / Insurance Coverage, One Minute From Normal Series, Risk Control / 0 comments
“Learned professions” including legal, medical, engineering, accounting and financial services firms were formerly alone in being regarded as professional services firms. According to a number of courts, though, this term has been broadened to describe a wider and more diverse group including firms providing physical or manual services. These firms can include plumbers, roofers, exterminators, […]
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Errors with E&O – Part 4
June 20, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
At our website www.oneminutefromnormal.com we ask visitors the question: What if an unscheduled event suddenly seizes control of your business? Are you ready? If human beings were perfect, there would be no need for Errors & Omissions coverage. Until we get perfection, we are fortunate it exists. Following the 2008 financial crisis, Robert Boatti joined […]
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Errors with E&O – Part 3
June 20, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
The Holmdel Fabric Company, like Ford, Hewlett Packard and Apple, was launched in a garage. Through hard work and intelligence, the founder built the firm into an enterprise employing more than 100 workers. Holmdel held many patents, including one for a fabric which changed color with a person’s body temperature. An entrepreneur saw an opportunity […]
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Errors with E&O – Part 2
June 13, 2012 / by KMRD Partners / One Minute From Normal Series / 0 comments
If human beings were perfect, there would be no need for Errors & Omissions coverage. Until we get to the level of expertise suggested, we are fortunate it exists. An international investment management company hired Do It Right Software Solutions to build a Secure Client Space. In its Scope of Work, Do It Right listed […]
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Don’t make these E&O errors
May 23, 2012 / by KMRD Partners / One Minute From Normal Series, Risk Control / 0 comments
At our website www.oneminutefromnormal.com we ask visitors the question: What if an unscheduled event suddenly seizes control of your business? Are you ready? Insufficient or incorrect E&O coverage could financially ruin your firm one minute from normal. Following are a few “don’ts” regarding your E&O coverage following an incident: Don’t alter or make changes to […]
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