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Sponsored by Lorman Education
Product ID: 407721EAU
 
Credit & Course Provided by:

A Primer on Errors and Omissions Insurance

OnDemand Webinar (65 minutes)

Make sure your errors and omissions policy gives you the coverage you need to protect your business.Many professionals and professional services companies rely upon E&O liability insurance to guard against losses to third parties who rely upon their services. Is it possible to micromanage or otherwise review and approve every professional service its employees provide? E&O liability insurance protects the business and its partners from unforeseen mistakes caused by firm employees. This course will help you garner a general understanding of the E&O liability insurance policy, including its insuring clause agreement, the terms and conditions for coverage thereunder, and the most prevalent exclusions. Understanding such a policy allows professionals to navigate their way to coverage for the losses that could occur.

Authors

Robert E. Frankel, Esq., AIF?, Investments & Wealth Institute

Agenda

Insurance Basics

• First-Party vs. Third-Party Insurance

• Contract Construction

What Is E&O Liability Insurance?

Current Environment

Coverage Agreement Issues

• Coverage Agreement

• Loss

• Wrongful Act

• Capacity

• Claims Made vs. Occurrence

• Hammer Clause

• Subrogation

Conditions

Common Exclusions

Questions and Answers

Additional Resources