Avoiding Errors and Omissions Claims: A Guide for Insurance Producers

Overview

An insurance agent’s errors and omissions (E&O) insurance covers defense costs and damages for professional mistakes. While this coverage provides security, understanding and avoiding behaviors that lead to E&O claims is more proactive. This course helps insurance producers understand their E&O exposure and offers guidelines to avoid claims. It covers E&O exposures, the need for insurance, how coverage works, liabilities from actions and inactions, roles in client relationships, and legal and ethical obligations.

Find this course for your license


License or Certification 

 

Regulator 

 

Type 

 


Objectives

  • identify and understand the types of E&O exposures that exist and how an E&O policy responds (or does not respond) to those exposures
  • be familiar with major policy definitions, provisions, and exclusions
  • possess a solid knowledge of the types of actionable conduct and negligent inaction that may give rise to E&O claims
  • be aware of the various roles producers undertake in client relationships based on the type of insurance license
  • recognize that each of the various roles a producer undertakes requires specific legal and ethical obligations
  • evaluate a situation and determine if it involves behavior typically encountered in E&O claims

Designed For:

Property and casualty insurance agents and adjusters 




Course Information

Adding additional credit may change exam requirements.