by Taylor Hughes | Feb 15, 2022 | Loss Prevention
Author’s Note: This article is written to help real estate appraisers better understand errors and omissions insurance. It should not be used as a substitute for reading the particular provisions of their policy. Claims made coverage. Prior acts coverage....
by Taylor Hughes | Feb 15, 2022 | Loss Prevention
Check, recheck, document, and supervise; these simple tasks can be crucial to your reputation and opportunities. Proofreading. Ugh! It probably conjures up images of college term papers or maybe that fussy eighth grade English teacher who valiantly tried to teach you...
by Taylor Hughes | Feb 15, 2022 | Loss Prevention
Differences of opinion. Disagreements. Mediation. Lawsuits. Litigation. Even if you are vigilant in taking all of the necessary precautions to manage your risk of being sued, sometimes events and circumstances are aligned in such a way that a claim or lawsuit is...
by Taylor Hughes | Feb 15, 2022 | Loss Prevention
The sheriff, process server, or maybe the mail carrier with a certified letter has just exited your office, leaving you with a thick sheaf of papers labeled: ABC Bank vs. Mary Q. Appraiser. What do you do next? First, let’s talk about what you should not do: 1. Don’t...
by Taylor Hughes | Feb 15, 2022 | Loss Prevention
The buzzword for the real estate industry might be “Location, Location, Location,” but to help prevent and mitigate a potential Errors & Omission claim, the motto should be: “Document, Document, Document!” If followed religiously without fail, this motto can save...
