Question

Define the following types of offices in the Insurance Industry

Surplus lines/

Errors and Omissions/

Trustees-Receivers E&O/

Full bonding service/

Financial institutions Bonds/

Director’s and Officers Liability/

Property and Casualty/

Primary Property Umbrella Liability/

General liability packages/

Premium Financing/

Personal Lines/

Worker’s compensation/

Employee benefits/

Attorney’s E&O/

Answer 1

Since you have posted multiple questions, I am going to answer first three. I hope it helps. Thanks

1. Surplus lines insurance is a segment of the insurance market. It allows the consumers to buy property and casualty insurance through the state regulated insurance market, where policyholders, agents, brokers and insurance companies all have the ability to design specific insurance coverages.

2. Errors and omissions insurance(E&O) is a type of professional liability insurance that protects companies and their workers against claims made by clients for inadequate work or negligent actions.

3. Trustee liability insurance is a type of errors and omissions (E&O) insurance, also known as professional liability insurance. A trustee legally holds assets for the benefit of another person, which is a reciever.