Description

Errors and omissions by an insurance producer can be extremely costly and damaging to the producer’s professional reputation. This course is designed to help insurance agents and brokers prevent many types of errors and omissions involving professional liability and executive liability coverages. The verb prevent is used here in the risk management sense. Loss prevention seeks to reduce the frequency or likelihood of claims. Complete avoidance is impossible. An agent or broker who has handled everything properly, following every guideline within this course, may still be sued for some alleged error or omission. However, the producer who successfully completes this course is less likely to be charged with an error or omission and will probably be better able to defend himself or herself against these allegations.

Learning Objectives: 

• Professional and Executive Liability Exposures and Coverage Triggers
• Common Features of Professional and Executive Liability Policy Forms
• Avoiding Professional Liability Errors and Omissions

This course is eligible for the 10% Swiss Re/Fireman's Fund premium credit.