Errors and Omissions Insurance Blog Posts

Tuesday, January 28, 2014

In helping real estate professionals find the right professional liability (E&O) insurance policy, one of the most common issues we come across is whether someone you hire to help with your intermittent workload is an employee, a subcontractor, or an independent contractor.

The IRS perspective vs. the insurance perspective

This is often confusing because what you intended to do may not be what you actually end up doing. There are a number of reasons for this. First and foremost is the fact the IRS will view this question in a different way than the insurance industry will. So, even if you get solid tax advice about which...

Tuesday, December 17, 2013
Does this sound familiar? If so, I hope it’s because you watch a lot of shows like Law & Oder on television and not for any other reason. If this doesn’t sound familiar, it is one part of the Miranda warning police must give to criminal suspects before questioning them. How does that apply to you? Well, it can have equally negative consequences in a civil case (insurance claim) also. 
 
To see if you need to read any further, take this short quiz. If you answer “yes” to any one of these questions, you’d better read it all. 
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Tuesday, November 26, 2013

In many complaints or claims against home inspectors the real culprit may be the seller of the subject property. Many times the seller, in an effort to get the maximum price for the property, may omit disclosure of certain defects or in some cases (gasp) may even have tried to hide a defect or two to make discovery by the inspector or buyer more difficult, if not impossible. Sometimes this happens with the help of the listing agent and one or two local contractors.

The failure to disclose or even the occasional intentional deception may not be discovered until months or years later...

Tuesday, November 19, 2013
First, it is gratifying to know you are actually reading what we write and release. We know this is true because a little over a year ago, we received very few questions about subpoenas and today, after writing a little warning piece on the now infamous FDIC subpoenas being issued to appraisers by a private law firm, we get lots of questions. In fact, we get so many we decided to put together a short follow-up piece on different kinds of subpoenas and how to handle them. These are presented in ascending order of concern with the final one being the most dangerous....