This continuing education class explains why the number of errors and omissions ("E&O") claims are increasing and examines the most common causes of E&O claims with recommendations for prevention. Agents will gain an understanding of the agency relationship and the legal standard of care that is required. E&O policy provisions, conditions, and exclusions are explained using examples from a typical agency. Current court cases are included for emphasis and understanding.
Class highlights include:
- Reasons Errors and Omissions Claims Are Increasing
- How Agency Relationships are Created
- The Required Standard of Care
- Causes of E&O Claims
- Errors and Omissions Prevention
- The Responsibilities of the Agent to the Principal (the Insurer)
- E&O Policy Language
- Claims Made Versus Occurrence Coverage
- Approved for 5 Hours of Elective Continuing Education