A Primer on Errors and Omissions Insurance
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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.
AuthorsRobert E. Frankel, Esq., AIF?, Investments & Wealth Institute
• First-Party vs. Third-Party Insurance
• Contract Construction
What Is E&O Liability Insurance?
Coverage Agreement Issues
• Coverage Agreement
• Wrongful Act
• Claims Made vs. Occurrence
• Hammer Clause
Questions and Answers