E&O Commercial Liability Coverage Gaps and How to Fill Them - Part I

Description

Are you NEW to ABEN? Use Code 1stABEN40 at checkout to receive your 40% discount! It can be used on the purchase of multiple classes, as long as they are included in the same transaction. ABEN offers high-quality CE and professional development Webcasts via live-streaming video.

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10:00 AM - 1:00 PM

This course is Part 1 of 2 (3 hrs each) in this E&O module - As of January 1, 2020 3 hours of content must be taken to qualify for the 10% E&O premium discount!

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 commercial liability insurance. 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

On completion of this course and Part 2, the student should be able to recognize and prevent many of the problems associated with selling and servicing

• commercial general liability insurance,
• commercial auto insurance,
• workers compensation and employers' liability insurance, and
• commercial excess and umbrella policies.

Approved for 3 NJCE Credits