18. UNDERSTANDING ERRORS & OMISSIONS INSURANCE -  
This course provides 5 hours of CE credits

This course covers:

• Liability Dangers & Public Awareness for Advisor and Client alike.

• Proper Standards Of Care that should be followed.

• What can a financial planner do to try to avoid a malpractice suit?

• Torts & the basis for liability claims.

• Insurance Agent's and Broker’s Negligence in Tort Liability.

• General liability of all Agents and Brokers.

• Insurance Agent's and Broker’s Presumed Negligence & Contributory Negligence.

• Express Authority & Ostensible Authority - What do these terms mean?

• Insurance agent’s' and broker’s civil & criminal violations.

Insurance agent and broker’s breach of contract.

• The Investment Advisor's liabilities - what are they, and how can we protect ourselves from legal action.

• We will look at the various risk classifications for the Insurance Professional - Life and General.

• Full Disclosures, Due Diligence, and what your Fiduciary Duties are, will be discussed in detail.

• The E & O Liability policy - what is it?

• We will investigate a segment called “Are you doing more than just ANY types of insurance or Financial Planning?”

• The course looks at some preventative measures as we review the liability of Financial Planning in the real world.