Over 150.000 insurance professionals and consumers come to the Insurance Forum every month. Click here to register for FREE


Go Back   Insurance Forums > Insurance Agents and Brokers Forum > E&O - Errors and Omissions for Insurance Agents

Reply to Professional Liability E&O Vs D&O     
Old 08-06-2011, 12:46 PM   #1
Super Genius
 
Join Date: Aug 2010
Posts:104
State: bill777 is an Insurance Agent from Florida
Professional Liability E&O Vs D&O Professional Liability E&O Vs D&O
what's the difference in those 2 i had a client that gave me his current insurance application to get him a quote when i submitted it to the underwriters they were asking which one he wants they couldn't figure out if he had E&O or D&O also my client didn't know which one he needs too.
Can any gurus advise what's the difference? my client has a non profit company.
------------------------------------

Last edited by bill777; 08-06-2011 at 02:01 PM.
  Reply With Quote to Professional Liability E&O Vs D&O
Old 08-06-2011, 01:04 PM   #2
Guru
 
Join Date: Jun 2010
Posts:1,079
State: Bertolinoins is an Insurance Agent from Undisclosed Location
Bertolinoins is a member of 1000 posts VIP club
Professional Liability E&O Vs D&O Re: Professional Liability E&O Vs D&O
What does the client do? Are they a non profit or a publicly traded company?
------------------------------------
  Reply With Quote to Professional Liability E&O Vs D&O
Old 08-06-2011, 01:20 PM   #3
Super Genius
 
Join Date: Aug 2010
Posts:104
State: bill777 is an Insurance Agent from Florida
Professional Liability E&O Vs D&O Re: Professional Liability E&O Vs D&O bill777 is the thread starter for: Professional Liability E&O Vs D&O

Originally Posted by Bertolinoins View Post
What does the client do? Are they a non profit or a publicly traded company?
He's a non profit company, thanks for replying.
------------------------------------
  Reply With Quote to Professional Liability E&O Vs D&O
Old 08-06-2011, 01:36 PM   #4
Guru
 
Join Date: Jun 2010
Posts:1,079
State: Bertolinoins is an Insurance Agent from Undisclosed Location
Bertolinoins is a member of 1000 posts VIP club
Professional Liability E&O Vs D&O Re: Professional Liability E&O Vs D&O
It is likely D&O to cover the board members. Probably not professional liability unless they provide counceling or some other professional services.
------------------------------------
  Reply With Quote to Professional Liability E&O Vs D&O
Old 08-06-2011, 01:46 PM   #5
Guest
 
Posts:n/a
State: Guest is an Insurance Agent from
Professional Liability E&O Vs D&O Re: Professional Liability E&O Vs D&O
Bill, not to be an ass, but do you know what the difference is?
I mean, depending on what the business is your quoting, YOU SHOULD KNOW what the client needs.

How many places need E&O? What places need D&O?

I have to say also, NEVER go by what the other agent wrote, how do you know that agent isnt an idiot? He may have written E&O when they really needed D&O coverage.
------------------------------------
  Reply With Quote to Professional Liability E&O Vs D&O
Old 08-06-2011, 02:00 PM   #6
Super Genius
 
Join Date: Aug 2010
Posts:104
State: bill777 is an Insurance Agent from Florida
Professional Liability E&O Vs D&O Re: Professional Liability E&O Vs D&O bill777 is the thread starter for: Professional Liability E&O Vs D&O

Originally Posted by Bertolinoins View Post
It is likely D&O to cover the board members. Probably not professional liability unless they provide counceling or some other professional services.
they provide job training, counseling, support services to at risk families. thanks.
------------------------------------
  Reply With Quote to Professional Liability E&O Vs D&O
Old 08-07-2011, 07:21 AM   #7
Expert
 
Join Date: Dec 2009
Posts:29
State: tyjones is an Insurance Agent from Mississippi
Professional Liability E&O Vs D&O Re: Professional Liability E&O Vs D&O
Sounds like they need both. They need professional E&O for the counselors and they need the D&O for the board members. The E&O is probably on a claims made form so you will need to make sure to purchase a tail to pick up the back exposure if it is on a claims made form.
------------------------------------
  Reply With Quote to Professional Liability E&O Vs D&O
Old 08-08-2011, 09:50 AM   #8
Super Genius
 
Join Date: Aug 2010
Posts:104
State: bill777 is an Insurance Agent from Florida
Professional Liability E&O Vs D&O Re: Professional Liability E&O Vs D&O bill777 is the thread starter for: Professional Liability E&O Vs D&O

Originally Posted by tyjones View Post
Sounds like they need both. They need professional E&O for the counselors and they need the D&O for the board members. The E&O is probably on a claims made form so you will need to make sure to purchase a tail to pick up the back exposure if it is on a claims made form.
thanks his current policy had a general liability certificate, that the underwritters i quote with forgot to provide that too, the one sent me an e&o quote and the other a d&o quote wthout a general liability quote.
so if he has general liability he still needs both e&o and d&o?
thanks a lot for the advices
------------------------------------
  Reply With Quote to Professional Liability E&O Vs D&O
Old 08-08-2011, 11:05 AM   #9
Guest
 
Posts:n/a
State: Guest is an Insurance Agent from
Professional Liability E&O Vs D&O Re: Professional Liability E&O Vs D&O
Well, ABSOLUTELY, GL, E&O and D&O are ALL completely different coverages!
------------------------------------
  Reply With Quote to Professional Liability E&O Vs D&O
Old 08-08-2011, 11:11 AM   #10
Guru
xrac on Professional Liability E&O Vs D&O
 
Join Date: Apr 2007
Posts:11,434
State: xrac is an Insurance Agent from Indiana
xrac is a member of 5000 posts Super VIP club
Professional Liability E&O Vs D&O Re: Professional Liability E&O Vs D&O
Just in case there are any non P&C dumbies like me I will say that D&O stands for Directors and Officers liability insurance. I didn't know what D&O was and had to look it up.

------------------------------------
X
  Reply With Quote to Professional Liability E&O Vs D&O
Reply to Professional Liability E&O Vs D&O 

  Insurance Agent Forum > Insurance Forums > Insurance Agents and Brokers Forum > E&O - Errors and Omissions for Insurance Agents


Tags
general liability




Similar Threads with Professional Liability E&O Vs D&O
Thread Thread Starter Forum Replies Last Post
General Liability & Professional Liability HRatCSR Ask The Agents 4 05-21-2011 09:30 AM
Looking for E&O and General Liability Insurance in Fl samaurizach E&O - Errors and Omissions for Insurance Agents 1 03-10-2009 11:38 PM
Need a Pharmacist Professional Liability Market in Texas vrracr P&C Insurance Forum 0 12-02-2008 10:55 AM
General & Professional Liability wildcat P&C Insurance Forum 0 02-25-2008 01:15 PM
General Liability Insurance and E&O Help GP32765 E&O - Errors and Omissions for Insurance Agents 6 07-05-2007 11:30 PM



All times are GMT -5. The time now is 02:53 AM.

Forum enabled with vBulletin®
Copyright ©2000 - 2017, vBulletin Solutions, Inc.


Join the Forum - It's FREE

Share This Page



Weekly Poll

Where do we go from here? POLL
This poll will close on 08-17-2017 at 02:28 PM