MAIA offers E&O Loss Control Seminars twice a year that qualify for a credit for Westport, Utica and Allianz (Member Product) E&O policies. Classes are typically held in March in Columbia, and in the fall at five locations around the state. Please check the master education calendar to find the next class. The chart below outlines the attendance requirements for Westport and Utica. See information about Westport's updated risk management premium credit.
ABOUT THE COURSE
The E&O seminar can help members reduce their E&O exposure based on real-life examples from other agencies, including some recent E&O cases. The course is taught by experienced instructors who have worked in the insurance and/or legal profession.
6 ethics credits in Missouri and Kansas (fall classes are for 5 credits, with the Agency Compliance Luncheon being 1 credit, and the fall classes are filed in Illinois as well).
The course covers fundamentals in today's ever-changing agency operations, including:
Understanding duties owed to both carriers and customers
Reviewing the most frequent E&O claims using real-life examples
Agency defenses such as documentation, disclaimers and consistent procedures
Exploring exposures within the agency's daily operations
Issues with certificates of insurance
Considerations of social media
Limiting exposures to data breaches and more
Westport's requirements will be changing 1/1/20. Contact a member of our insurance department for details.