Attorneys encounter Errors & Omissions Insurance (“E&O”) (also sometimes called Professional Liability Insurance in America and Professional Indemnity in the U.K. and Europe) in many aspects of their daily practice. Defense attorneys may get their bills paid through their client’s E&O coverage. Plaintiffs’ attorneys may get their client’s settlements and judgments paid through the defendant’s E&O coverage. M&A lawyers may need to review E&O coverage as part of the due diligence process when vetting a takeover target. Other corporate attorneys may need to review the adequacy of a third party’s E&O coverage when entering into a business arrangement or making a loan. And, of course, every attorney working at a law firm needs E&O coverage to provide protection against client claims of negligence. Even in-house attorneys can be covered under Employed Lawyers E&O insurance. In short, E&O is everywhere.
This course, presented by a 26-year veteran of the professional lines insurance industry and author of two insurance books, focuses on some of the most important aspects of E&O insurance: how it works, what it covers, what it doesn’t cover and how it can be amended to broaden coverage for your client or your law firm.
I. Identify types of E&O policies and their purposes
II. Learn the basic components of an E&O policy
III. Discover how you can amend E&O policies to broaden coverage
IV. Hear strategies to help you settle cases involving E&O insurance
Larry is the President and Chief Underwriting Officer of APRI Group, Inc., a managing general agency based in Red Bank, NJ. His previous insurance experience includes acting as an independent commercial lines insurance consultant, serving as president of an MGA subsidiary of Houston Casualty and holding senior roles at AIG, Marsh and ACE. He has also worked as outside insurance counsel at law firms in New York and Boston. Larry has written two books about insurance, “Claims Made and Reported – A Journey Through D&O, E&O and Other Professional Lines of Insurance” and “D&O 101: Understanding Directors and Officers Liability Insurance – A Holistic Approach.” Both volumes have been widely praised within the industry and “D&O 101” is the best-selling book in the publisher’s history. Larry is a cum laude graduate of Villanova University and Boston College Law School.
The speaker brought up an interesting point pre-purchasing policy about the insurance carrier's litigation managment policy.
IT makes me want to reread every insurance policy I have and negotiate better terms for next year!
Excellent presenter. Learned much needed info.
I'm in the insurance industry. This is an excellent presentation.
Very concise explanation of difficult area.
This was the best class I have taken with Lawline.
great job by Mr. Goanos
Speaker animates a dry topic.
Would welcome more courses on E&O and D&O insurance. Found the speaker to be very concise and clear in his explanations.
Excellent! Very knowledgeable. The best seminars on insurance E&O I've ever attended.
Packed with information. Great stuff
Another interesting session in which my knowledge went from zero-to-60 in pretty quick time. :-)