The liability exposures of any business have expanded significantly over the years. In addition to the risks accompanying any other business venture, insurance agents face an additional risk. Agents can be sued as a result of their work as an insurance agent. This professional liability exposure is often called professional liability or E&O.
This course explains how documentation can be used to control agents’ errors and omissions (E&O) claims. The course explains the nature of the E&O risk, the fundamentals and characteristics of effective documentation, and the importance of backing documentation with standard operating procedures (SOPs). The course also presents examples of specific types of documentation, including file documentation, confirmation and cover letters, checklists and phone logs.
Upon completion of this course, students should be able to: