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E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

Coverage of settlements or judgments awarded against the insured. Coverage of claims made by third parties who suffer financial losses due to the insured’s actions. In carrying E&O Insurance, professionals demonstrate they’re willing to take financial responsibility for any errors or omissions that may occur.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

To address this issue, carriers now require recent appraisals that reflect the current market conditions. This ensures that insured properties are adequately valued and properly insured, reducing the risk of financial loss in the event of a claim.