Association for Independent Agents | IIAN

 

Directors and Officers (D&O) Liability Insurance is designed to protect a corporation’s directors and officers for covered claims, reimburse the corporate treasury for the cost of indemnifying officers and directors (as specified in corporate bylaws), and in most cases, defend and protect covered entities. That is, if the coverage is designed and written properly. This class gives participants the keys to unlocking the secrets of D&O Insurance. Discover the risks that exist for insured entities and directors, officers, investors, volunteers, and employees. And more... [+]

This is a two-part webinar. Qualifies for SwissRe credit.   Part 1: Participants will be guided, step by step, through the process of how to read and understand insurance policy language. And More...   [+]

Part 2: This course is designed to help students understand advanced coverage issues. Liability & Property issues will be covered. [+]

Examine major commercial property exposures (including leased property), the Commercial Building and Personal Property Coverage form, and major modifying endorsements. Evaluate sources of insurable interest and exposures of particular importance when your client has the property of others in their care, custody, or control. Determine how terms not defined in the policy, such as building, premises, fixtures, structures, personal property, vacancy, and permanently installed affect coverage. Discover the important differences in what triggers coverage under commercial property versus business income/extra expense coverage forms.  And more... [+]

Learn how proper procedures and documentation can be used to prevent or reduce unethical behavior or errors and omissions (E&O) claims. Discuss agent duties to the insurance company under the law of agency, duties to the client under “dual agency,” and responsibilities to others who may be relying upon your insured’s insurance protection, such as mortgage holders, family members, loss payees, and lessors. Examine agency procedures such as the account review process, coverage surveys and summaries, applications, binders, policy cancellation and non-renewal, certificates of insurance, and record retention. [+]

This fast moving program examines 12 significant coverage issues vital to meeting client needs. Examine property and liability coverage “triggers.” Understand how the description of insured premises affects coverage. Review differences between Actual Cash Value (ACV), Replacement Cost, and Agreed Value. Evaluate typical hold-harmless and indemnity agreements from an insurance perspective. Analyze CGL exclusions for damage to your work, damage to your products, or damage arising out of your work or product. Identify potential coverage gaps between an auto and general liability policy. [+]