Lunchtime CPD - November 2017 - Errors and Omissions Insurance

Event Overview

Insurance brokers’ errors and omissions insurance covers the cost of defending and paying claims made against the insured broker which arise in the conduct of their professional business.

Accordingly, claims capable of coverage invariably materialise from alleged breaches of the broker’s professional duties.

As lawyers who are frequently instructed to assess brokers’ liability exposure, Alex and Nick will outline the coverage afforded by a typical E&O policy, explain the scope of a broker’s professional duties with some claims examples, and give some practical pointers on both minimising the risk of facing a claim and mitigating losses once a claim has been lodged.

Speakers

Alex Traill: Partner, BLM

Alex is a partner at BLM having originally joined BLM's Professional Indemnity Department in 2004. Often instructed directly by brokers across a wide range of market specialisms, his team have developed a niche for advising on a broad variety of brokers’ E&O matters concerning the placement of insurance both in the UK and overseas.

Nick Benson: Solicitor, BLM

Nick is a solicitor at BLM having joined Alex’s team in 2016 and has worked within the insurance industry since 2011. Nick works with Alex on the coverage and liability aspects of brokers’ E&O matters, invariably relating to brokers’ placement of policies across many different classes of insurance.

Learning objectives

At the end of the presentation, attendees will be able to understand:

Why E&O insurance is required

What is covered under an E&O policy

Duties and responsibilities of an insurance broker

Where claims may arise

What actions brokers can take to guard against claims materialising

What actions brokers can take to mitigate their losses once claims materialise

To secure your place and free lunch, please contact Robin Giles, robin.giles.cii@googlemail.com, by Friday November 3rd

If you have any special requirements e.g. regarding diet, access, hearing etc., please let us know when booking your place.

A certificate of attendance is available, if requested at the time of booking. These will be mailed to participants after the event.

Please ensure your email address is kept up to date with the CII website and that you allow the CII to contact you.

CPD Lunchtime Events - Diary Dates

2017

13th December Best Western - Underinsurance

2018

10th January Best Western - Renewable Energies

14th February Best Western - TBA

14th March Best Western - Cyber Vs Fraud

18th April AGM Best Western - Fine Art - Fake or Fortune

23rd March Annual Dinner at AFC - Contact the President for sponsorship and bookings