Image of E&O Risk Management: Meeting the Challenge of Change presents Understa
Live Webcast

E&O Risk Management: Meeting the Challenge of Change presents Understanding Agent Duties


Total Credits: 2 including 2 CE Credit

Average Rating:
   4.5
Category:
Errors and Omissions |  10% premium discount qualified
Faculty:
W. Vincent Sorgi Jr. |  William Perkins
Duration:
2 hrs
License:
Access for 30 day(s) after program date.



Description

Featuring Minimizing E&O Exposures from E&S, Limiting Exposure to Data Breaches and E&O Exposures when using Social Media.

NY AGENTS ONLY: For agencies to be eligible to receive a 10% loss control credit on their Swiss Re/Westport E&O insurance premium, the minimum agency staff required must attend both the Agency/Carrier Relationships-Law of Agency webcast and the Understanding Agent Duties webcast. Each person may complete these webcasts in any particular order but all persons must complete viewing the loss control programs prior to the deadline. There are multiple viewing dates and times each month; so, please plan accordingly. Failure to attend both E&O webcasts will result in forfeiture of your eligibility to receive an E&O policy premium discount.
 
Course Objective:

Explore how an agent’s standard of care is determined along with key components for determining negligence on the part of the agent. The course will discuss the concept of balancing your legal duties to the customer while running the agency in a way that creates more customer value. In addition, the course explores some of the things agents can do to minimize their E&O exposure including familiarizing themselves with the laws affecting the E&S marketplace, finding a quality broker with financially stable insurers, and carefully scrutinizing policy forms.

Every agency should be aware of protecting customer personal information. The course examines the agency’s general regulatory responsibilities for protecting personal data, the exposures faced by agencies, and provides some risk management guidance to help protect the agency’s operation and the data it keeps.

Lastly, many agencies already actively use social media, while others are still exploring it. For some, there are questions of whether social media sites will supplant the need for traditional websites. While social media is an excellent way to connect with customers, increase visibility of the agency, and build relationships with prospects, its usage does have some E&O exposure.

 

 

Course Materials

Dates

Wed, Dec 18, 2019 - 11:00a to 01:00p CST

State Specific Details

State Approval Information Details

TN - This course is approved for 2 hrs CE

NY - This course is approved for 2 hrs CE - Course# 238188 - Acknowledgement form is required (see form specifically dated for the course date you are viewing in the zip file located on the materials tab)


Reviews

5
4
3
2
1

Overall:      4.5

Total Reviews: 294

Comments

Stanley S - Nashville, Tennessee

"Good range of topics with helpful examples."

Aracely D - Scarsdale, New York

"Presentation was very informative. "

Braden D - New York, New York

"Quite good"

Patricia W - Jackson, Tennessee

"learned a lot about what my duties as an agent are especially when it comes to e&s and surplus lines"

Marin W - Scarsdale, New York

"great material, good instructors "

Kelly K

"excellent course"

William C

"Good Presentation"

Brian B - Long Beach, New York

"Very informative and concise"

David B - Brewster, New York

"Good solid course"

Kerri S - Penn Yan, New York

"Great course!"

Please wait ...

Back to Top