OVERVIEW AND TOPICS


Participants will identify the procedural mistakes that give rise to E&O claims in insurance offices today and discuss the potential liability of each and loss control procedures. They will examine the methods that may be used to address these mistakes.
Participants will identify the gaps and traps in the ISO Business Auto Policy and learn ways to avoid and/or close the gaps in coverage. They will examine BAP endorsements and discuss how they can amend policy provisions, add coverage, or restrict coverage. They will be able to determine how best to address their client’s needs to avoid the gaps and traps in coverage.
Participants will identify significant current commercial coverage issues and review the insurance coverage designed to address them. They will discuss coverage issues related to ordinance or law, valuation including agreed value versus agreed amount, major exposures when the insured has personal property of others in their care, and occurrence versus claims-made. They will learn about the problems and discuss possible insurance solutions to better serve their clients.
Participants will explore how agents balance their profitability with their legal and fiduciary responsibilities while at the same time attempt to attract new business in a very competitive marketplace. They will understand the importance of ethical conduct in handling client information, insurance company applications, policy service/delivery and claims. This will include both standard markets and excess and surplus lines.
In this session, agents will identify emerging risks that could have a significant impact on their client’s business, their agency or organization, or even their career, such as: use of Bitcoin and other cryptocurrencies, medicinal and recreational marijuana, solar storms and falling satellites, autonomous vehicles, big data analytics, drones, nanotechnology, and ridesharing. They will discuss the exposures, coverage issues and gaps with traditional insurance policies, and explore possible insurance solutions to these unique risks.

COURSE DETAILS


DURATION
16 Hours

PRICE
Contact for Details

FORMAT
Classroom

CE CREDIT
Varies by State

INSTRUCTION LEVEL
Master

FINAL EXAM
No Exam

EVENT LOCATION


Acuity Insurance Company

2800 South Taylor Dr.
Sheboygan, WI
53081

800-242-7666

FACULTY BIO


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