Author Archives: Jennifer Holt, ACSR

Jennifer Holt, ACSR

About Jennifer Holt, ACSR

Jennifer Holt is a graduate of the Sage College of Albany with a Bachelor’s Degree in Crime & Justice Policy. She is a licensed insurance broker currently managing our Service Team and Professional Liability departments. With a specialty in coverage and issues for real estate professionals she also serves as the underwriter for our title agent book of business. Outside of work, Jennifer cherishes the time spent with her three boys and her baby girl.

Service Team Manager
Schenectady, NY

Toll-Free:
(877) MERRIAM x 206
(877) 637-7426 x 206

Do You Know Your Retro Date?

The retroactive date on your policy specifies the earliest point in time that your insurance policy will provide coverage. This is also known as your prior acts coverage. Your professional liability policy is written on a claims made basis including a retroactive date. This means, in order for coverage to apply, the claim must be made and reported to the insurance carrier during the policy period and must have occurred after the retroactive date on your policy.

Claims-Made Policies

Some recent inquiries have made us aware that it may be time to review the nuances of claims-made policy forms once again. Here is how Occurrence Policies respond to claims, as opposed to how claims-made policies respond. It is important to understand the differences. Occurrence Policies This is the insurance coverage form with which most people are familiar. Most Homeowner, Auto and Commercial General Liability policies are written on an “occurrence” basis. Coverage is triggered

Employment Practices Liability Insurance

What It Is Employment Practices Liability Insurance, also known as EPLI, provides protection to employers against claims made by employees for allegations such as discrimination, wrongful termination, harassment, and negligent violation of federal and state employment laws. Why You Need It
 The Equal Employment Opportunity Commission (EEOC) handles complaints and enforces the protections provided under Title VII of the Civil Rights Act of 1964.

Time Keeps Ticking

Could this happen to you? Most would say, no, but it happened to one of our more experienced clients, and it wasn’t discovered until years had passed. 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.

Admitted v NonAdmitted

When receiving a carrier’s quote, inevitably the question is asked “is it admitted or non-admitted?” We always ask it, but do we really understand what the differences are between admitted and non-admitted carriers? And do we know what happens when admitted v. non-admitted carriers go into liquidation? And most importantly, what should the client know? The designation of an insurance company by a state’s Insurance Commissioner as “admitted” may seem to give the company a stamp of authority, however, this designation is

Prevent Mortgage Fraud and Other Claims

Preventing Mortgage Fraud – and the Subsequent Claims In our Professional Liability department, we have seen the lasting impact the continued weakness of the real estate market has had on our many Title Industry Errors and Omissions clients. While there seems to be a light at the end of the tunnel (finally!), the long term impact on the underwriting of these policies will be felt for a long time. Many of our insured attorneys engaged in real estate law practice have also been impacted by the real estate “bubble” and subsequent “correction”. In recent years we have seen mortgage fraud

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,

Cyber Liability Insurance

After exhaustively discussing every aspect of their E&O coverage, most clients are not overly eager to hear about the “other” coverage recommended, in addition to E&O. The mindset seems to be that if a coverage is not required, then it is not a coverage a client should carry. Perhaps it is the additional expense or the time it takes to learn about something new. Perhaps the client still believes “that won’t happen to me”. Regardless, there may always be an

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.