A Primer on Errors and Omissions Insurance
1 hour 5 minutes
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.
• You will be able to explain the difference between first-party and third-party insurance.
• You will be able to review E&O liability insurance.
• You will be able to discuss coverage agreement issues.
• You will be able to identify common exclusions.