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The ABCs of E&O Insurance

Make sure your errors and omissions policy gives you the coverage you need to protect your real estate business.

Errors and omissions coverage, commonly known as E&O insurance, affords licensees, real estate brokerage firms and other real estate professionals protection against claims or lawsuits by clients who feel that their real estate representative failed to provide adequate services. Although most real estate professionals have heard of E&O insurance, and while most have E&O coverage, few actually review the specific terms of their insurance policy to ensure that they are protected to the fullest extent possible. In this on-demand webinar we will discuss errors and omissions insurance in general, and in the real estate realm in particular. This program will address coverage and policy provision basics, and what to look for, what to ask for and what to avoid.

Runtime: 85 minutes
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

What Is Errors and Omissions Insurance and Why Do I Need It?

  • E&O Coverage Basics
  • You May Be a Professional but May Not Know It
  • Who Is a Professional? The Answer May Surprise You
  • Everyone Makes Mistakes; Make Sure Yours Are Covered
  • Typical Errors Resulting in E&O Claims

Some Details: E&O Insurance

  • General Coverage Parameters
  • Coverages Not Included
  • Typical Policy Provisions
  • What to Look out for, What to Ask for, What to Avoid

Who Should Buy E&O Coverage and Why?

  • Scope of Professionals Expanding
  • Specialty Policies
  • Data Breach and Privacy E&O Coverage: You May Think You Have It but Don't, Alarming New Case Law Tells Us so
  • Financial Institutions and Class Action/Shareholder Suit Coverage
  • Lawyers Unfamiliar With Coverage Issues Make Mistakes Too

Why You Should Talk to Your Broker, and Hire a Coverage Lawyer

  • You Should Make Sure Your Broker Understands Your Business
  • If You Think You Have a Claim, Hire a Policyholder Lawyer for Advice
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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Course

This course was last revised on July 10, 2014.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Joseph F. Fields

Joseph F. Fields – Moderator

McCarter & English, LLP

  • Principal with Offit Kurman
  • Experience includes litigating and settling multimillion-dollar directors' and officers' insurance coverage issues for Fortune 100 companies, recovering large sums under errors and omissions insurance policies, litigating multimillon-dollar casualty losses and large-scale environmental cost recovery matters, and representing financial institutions in high-stakes litigation
  • Seasoned courtroom lawyer for more than 30 years
  • Diverse background representing owners and developers in construction contracting and litigation, and financial services, telecommunications, insurance, internet, real estate, and other commercial clients in business matters, arbitrations, and federal and state court litigations
  • Frequent speaker and has written numerous publications
  • J.D. degree, New York Law School; B.A. degree, Manhattanville College
  • Can be contacted at 347-589-8511 or [email protected]
Adam Budesheim

Adam Budesheim

McCarter & English, LLP

  • Senior associate with McCarter & English, LLP’s Newark, NJ office
  • Represents corporate policyholders in high value insurance coverage matters involving various forms of commercial insurance, including professional, general and high value property claims
  • Developed a specialty in representing insurance brokers in E&O matters relating to brokerage services
  • Wrote a number of articles on insurance coverage issues
  • J.D. degree, Harvard Law School; B.A. degree, Seton Hall University
  • Can be contacted at [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 393989
Published 2014
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