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Keyword: Errors and omissions insurance

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confusion

A slower economy, inflation, higher legal fees contribute to increased rates

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Demonstrate and discuss your regulatory requirements with clients, IFB says

angry client meeting

Red flags to guard against in your practice were outlined at an IFB event

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Regulator aims to boost consumer protection with oversight of agents' qualifications

notepad, laptop and coffee cup on wood table

The extension applies to licences that expire between March 15 and June 30

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Many clients aren't being paid after winning arbitration

agreement, attorney, auction, authority, balance, barrister, beam, scale, book, bookcase, books, brass, brown, business, colourconcept, contract, counsel, court, courthouse, courtroom, crime, criminal, decision, defendant, divorce, enforcement, financefreedom, gavel, government, guilt, guilty, hammer, horizontal, innocence, judge, judgement, judgment, judicial, justice, lawlawyer, legal, legislation, liberty, libra, litigation, mallet, prosecution, punishment, rights, scale, scales, scales, of, justice, sentencesymbol, symbolic, system, tax, trial, tribunal, truth, verdict, weight, will, wood, wooden

Litigation risk exists even after you’re retired or unable to work

agreement, attorney, auction, authority, balance, barrister, beam, scale, book, bookcase, books, brass, brown, business, colourconcept, contract, counsel, court, courthouse, courtroom, crime, criminal, decision, defendant, divorce, enforcement, financefreedom, gavel, government, guilt, guilty, hammer, horizontal, innocence, judge, judgement, judgment, judicial, justice, lawlawyer, legal, legislation, liberty, libra, litigation, mallet, prosecution, punishment, rights, scale, scales, scales, of, justice, sentencesymbol, symbolic, system, tax, trial, tribunal, truth, verdict, weight, will, wood, wooden

Tips on how to avoid claims, and what to do when claims arise

Not reporting an E&O claim could have negative consequences

Insurance representatives who spoke at the CIFPs conference last week recommend that you need to open with your insurer to get all the possible help you may need

With claims against advisors on the rise, you need to ensure you obtain the proper E&O insurance for your practice by asking some key questions