E&O Insurance

Published on Jan 28, 2020

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PRESENTATION OUTLINE

E&O Insurance

What We'll Cover

  • Types of Claims
  • Exclusions
  • When to Make a Claim
  • Handling of Claims
  • Case Law

Terminology

  • Claim, occurance, event
  • Tendering
  • Endorsement
  • Indemnify

What Does Insurance Cover?

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Exclusions

  • Intentional torts
  • Acts of dishonesty
  • Violation of law
  • Failure to timely tender
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Tendering Claim

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Reservation of Rights

Duty to Defend

  • Selection of counsel
  • Your duty of cooperation
  • Wasting policies
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Handling of Claim

  • Setting of reserve
  • Insurer's right to settle
  • Typical timeline
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Resolution of Disputes

  • Mediation
  • Arbitration
  • Litigation
  • Administrative Proceeding

Determining Coverage

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