Brokers and Agents Beware - WC is the Leader in E&O Claims
WC is statutorily required in all states (except Texas, where an employer can opt out of the system and take their chances under common law when an employee is injured). So how can there be so many E&O claims arising out of a line of insurance required to cover employees? I never suspected WC was anywhere near this “exalted” position in terms of a potential “landmine” for brokers and agents, but a recent article in Insurance Journal edified me.
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