E&O Insurance
Instructor
UIE Phone
(253) 846-1155 Email
mail@uiece.com |
Course Overview
Although Errors and Omissions insurance is sold by property and casualty agents, the subject itself is important to agents of all lines. Every agent has the possibility of being sued. The point of this course is to: Explain precisely what this type of liability insurance is; 1. Show agents what they must do to lessen their chances of being sued (such as documentation & full disclosure); 2. Teach agents, who are not familiar with liability products, how to read and understand these policies; 3. Review ethical standards, which are part of avoiding lawsuits. Although most agents are ethical people, lawsuits will become more and more prevalent, especially for some types of agents, such as financial planners. This course addresses these issues. |
|
Chapter |
Subject |
Description |
|
Chapter 1 |
Liability Dangers |
Definition of a “professional”
broadened, Ethical Guidelines, Standard of Care, Negligence is a Tort, Civil
and Criminal Wrongs. |
|
Chapter 2 |
General Liability |
Risk Avoidance,
Conflict of Interest, Burden of Proof, Last Clear Chance, Agent/Broker
Distinction. |
|
Chapter 3 |
Preventive Measures |
Triggers, Degree
of Risk, Degree of Loss, Pure Risks, Full Disclosure, Fiduciary Duties. |
|
Chapter 4 |
The Policy |
Claims-Made / Occurrence
Policies. |
|
Chapter 5 |
Professional Ethics |
Industry
ethics, setting down priorities, psychological egoism, code of values, Examples |
None.