Understanding 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: 1.
Explain precisely what this type of liability insurance is; 2.
Show agents what they must do to lessen their chances of being sued
(such as documentation & full disclosure); 3.
Teach agents, who are not familiar with liability products, how to
read and understand these policies; 4.
Review ethical standards, which are part of avoiding lawsuits as well
as cover discrimination, difference biases and fraud. Even though most insurance professionals 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 |
Standard of care. |
|
Chapter 2 |
General Liability |
Torts, Negligence, types of fraud and relevance. |
|
Chapter 3 |
Preventative Measures |
Degree of risk, degree of loss, due diligence. |
|
Chapter 4 |
The Policy |
Trigger language and a sample policy. |
|
Chapter 5 |
Professional Ethics |
Ethics, discrimination, and biases. |
None.