General

Don’t get caught in a phishing scheme!

Phishing: the attempt to acquire personal and/or financial information by impersonating a trustworthy entity in an electronic communication. Businesses are falling for these schemes daily, turning over data and funds after receiving a malicious phone call or email instruction to do so. The perpetrators are easily able to lure victims in...

The Value of an Independent Insurance Agent

There are several different types of insurance agents, divided between independent agents and captive agents, and divided into groups based on the type of insurance being sold. There is tremendous value brought to the consumer in the relationship with an independent insurance agent. Independent agents, like ourselves, represent a large group of companies. This allows us to provide the best rates and coverage available to all our clients. Upon reviewing

Time Keeps Ticking

A closing took place in upstate NY in 1999. During the transaction it was noted that in addition to a mortgage, there was a home equity loan that had been taken out on the home being sold. At the closing it was shown that the home equity loan had been paid off, and a zero balance was due to this secondary lender. The sale was completed, a title policy was issued, and everyone went on their merry way. Unknown to everyone, except the seller

Poor Quality vs. Low Price

As consumers in a distressed economy, we have all found, and continue to search for, ways to cut costs and save money. Prior to spending a hard earned dollar, we take a closer look at the value of what it is we are purchasing. When it comes to your insurance needs, determining the value of the product and service you are receiving versus the cost can be difficult. A couple examples to consider: • Over the past several years, as E&O premiums have continued to increase,

What We Know About Title Agents Liability

Did you know that the Merriam Agency has been offering Title Industry Professional Liability (Errors & Omissions) policies since 1992? That means that we have seen a lot of insurance companies enter and exit this market for the past 20 years. While the carriers offering these policies continue to change, we have remained a stable conduit for our clients to continue to get this essential protection for their business year after year from reliable sources at a competitive price.

What You Should Know About Your Title Agents E&O Insurance

Ten years ago, many title underwriters did not require their agents to carry E&O coverage. Five years ago, most underwriters made that a requirement. Today, the coverage you may have previously questioned as necessary possibly saved your business when you had your first claim. Your professional liability coverage is one of the most important pieces of your business. Just like all lines of insurance, your E&O is in place to protect against a possible loss.