Experts in the insurance industry have released a list of 4 important actions for agents to take in order to help them avoid errors and omissions (E&O) claims. E&O claims are one of the banes of the existence of insurers. They are time consuming and costly. Most commonly, they result from times when an insurance agent becomes drawn into a dispute going on between the insured and the policy holder. Should a lawsuit ensue, the agents are often named among those who are at fault. For this reason, experts in…
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Insurance community receives guidelines to decrease social media risks
The Insurance community has released a set of social media use guidelines in an effort to mitigate the risk of using the highly popular form of marketing and communication. Agencies have been using social media to communicate with their potential and current customers, colleagues, underwriters, referral sources, and others. That said, serious consequences have been arising as a result of its improper use. The following guidelines have been released for the use of the insurance community when using social media. Understand your reader – it is important to get to…
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