With election season in full swing, it seems appropriate to be particularly mindful of the exposures your clients might have if they serve as an appointed public official or hold a political office. This article from IRMI gives you a starting point for covering your clients.
Many insurance agents have clients who hold public or political office of some type. These clients have unique risks that should be smartly managed. For example, assume one of your new clients holds (or recently held) an elected or appointed public office. In some cases, the applicable public entity may not carry public official's liability insurance, school board liability insurance, or other appropriate directors and officers (D&O) liability insurance. Thus, you should make the following recommendations to clients with these types of loss exposures.
In some cases, elected or appointed public officials are legally obligated to furnish a public official bond. Thus, it would be wise to verify that this bond is purchased, if required, with adequate limits of protection.
Get more personal lines insurance and risk management tips and ideas from IRMI.