Risk Management Program on Tap for Agents, Brokers

AgentsofAmerica.org (AoA) reports that it will publish a 26-chapter e-book on risk management in early 2012. The “E&O Loss Control & Risk Management Program for Insurance Agents and Brokers” represents a collaborative effort by more than 25 top E&O insurance attorneys and experts from across the country, notes AoA, and includes an appendix on best practices.

“We are bringing the best talent and resources together to create the nation's first risk management initiative geared in helping agents reduce claims, as well as provide them with a practical guide to their agency operations,” says the ebook’s editor in chief, Professor James Kallman, of St. Edwards’ University. “The expectation is that we will be able to create a CE component. Thus making the content even more valuable to both the agents and their carriers."

The book provides E&O loss control techniques and a compendium of the relevant law from the quoting process up through claims reporting, notes AoA. Also included are special chapters on licensing, security and privacy, social media, placements in the London market, as well as best practices check lists for hands-on use at the agencies and brokerages. The agent/broker organization’s plan for 2012 also includes partnering with a third-party provider to obtain continuing education accreditation for the project, which will serve as a platform for the creation of E&O loss control webinars and seminars, says the group.

“This loss control initiative is what AOA is all about,” says Britton Weimer of Jones Satre & Weimer PLLC. “The primary responsibility of the Advisory Board will be to help identify new topics as well as additional authors. Our expectation as a Board is that we will continue to draw interest from experts from around the country and throughout the industry, thus keeping the content fresh the initiative always moving forward.”

AOA is partnering with insurance companies and insurance associations and organizations, all of whom can use the resource with their insureds or members and to assist in decreasing the number and severity of E&O claims.

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