Archive for November, 2008

Professional Liability Coverage – Critical for Consultants

Wednesday, November 5th, 2008

Insurance consultant Wallace Clapp describes a “miscellaneous professional,” a category that includes consultants, as “anyone who generates exposure to economic loss for others not involving direct bodily injury or property damage.”  Miscellaneous E&O coverage, available from Stuckey & Company, is critical for consultants, including:

  • Strategic Consultants
  • HR & Benefits Consultants
  • Land Use Consultants
  • Marketing Consultants
  • Financial Consultants
  • Project Managers

Please provide your name, address (including zip code) and phone number.

Consultant Market Growing Rapidly

Clapp provides reasons for expansion:

  • The U.S. has transformed from a manufacturing to a more service-oriented economy.
  • Many businesses now require consultants to carry professional liability insurance.
  • Consultants are facing more exposure in our litigious society.

Click here for the full article.

Consultants Need Professional E&O

Mistakes happen and can result in significant economic losses and expensive lawsuits.  Clapp cites these examples:

  • A utility company hired a consultant to handle customer accounts.  The software did not work as promised and the utility sued, seeking $5 million to correct problems.  The case settled for nearly $500,000.
  • An advertising consultant was retained by a baby food company.  Due to an error by the consultant, the wrong advertisements were televised.  The baby food company demanded damages of $100,000 for advertising costs and lost revenue.  The case was settled for $85,000 plus over $50,000 in legal fees.

Miscellaneous Professional Liability from Stuckey & Company

  • In-house quoting authority for accounts generating $6MM in revenue
  • Minimum premiums under $1,000 for many classes
  • Fast turnaround times for quotes/indications
  • Ability to hook up electronic submissions
  • Will look at books of businesses
  • Admitted paper in most states
  • Coverage limits for many risks are available up to $5MM

FREE Consultant Leads from Stuckey & Company

Email us your name, address (including zip code) and phone number, and we will provide you with a FREE list of Management Consultants in your market area.  In addition, a Stuckey & Company representative will be in touch with you to discuss specific coverage and selling strategies for reaching these high-potential customers.

In The Office- November 5th, 2008

Wednesday, November 5th, 2008

intheoffice

My mom called me the other day to tell me that she is no longer celebrating Halloween. Instead, she’ll say “Happy Autumn” when she passes out candy. She found religion a long time ago, so I’m not exactly sure why the recent renunciation of one of the most entertaining holidays of the year.  She tried to educate me with the history of devil worshipping and why schools no longer throw classroom costume parties -as told to her by one of her best friends. I used to debate Mom on topics with which we couldn’t agree, but it’s just easier to smile and nod. Out of all the cute little Trick-or-Treaters that showed up at my door on Halloween, I’d say only one, maybe, could have actually been possessed by the devil. This little parsimonious princess took 3 handfuls of candybars while I was distracted by her accomplice. I felt a little possessed myself as I snatched  them right back out of her plastic pumpkin. The edges are sharp on those things, by the way. Speaking of unfortunate events, we ran out of time at the office this year and we didn’t vote for the best costume, but I was prepared to vote for Chris Boylan. He was the invisible man. Literally. He took a vacation day. I was having trouble deciding on my second place vote. Dwight wore a red neck kerchief, electric blue shirt, white pants, and egg-shaped helmet as Speedracer, very creative. But it’s not everyday that one gets to see the boss donning white tights, so I think Kerry, as SpongeBob Squarepants, wins based on the humiliation factor. Third place is a sympathy vote for Jerry. He literally glued a long black beard and mustache on top of his own facial hair. He pranced around in his silk robe and long black wig as a macho Sumo dude. I’m betting he screamed “Kelly Clarkson!!” while ripping those things out later.  Libby was the playful Cat in the Hat and Shelli blended in nicely with her camouflage gear. Lindsay was a beautiful fair maiden, Teresa a black cat, Diana dressed in Goth, Holly wore her Pajamas (though she swears she didn’t sleep in them the previous night) and I was the first Mom of Hockey herself, Sarah Palin. Speaking of politics, I heard on TV that Obama and McCain masks were sold out this year and that polls show that whichever mask has the highest sales will traditionally indicate who will win the election. If that’s the case, Walgreen’s is still pushing for Hillary. Besides the politician masks, I really don’t see a connection between Halloween and evil…relax, Mom, that was a joke.