E&O Risk Management Coverage Essentials: Avoiding E&O in the Personal Auto Policy and Personal Umbrella Policy (Webinar) 08/13/2025

Description

Private Passenger Auto (PPA) is the largest line of insurance within the U.S. property and casualty insurance industry. This is likely due to the statutory requirement to carry specified minimum amount of liability coverage coupled with the fact that there are over 270 million private passenger type vehicles registered in the US. The frequency of personal auto policies often creates an indifference to its complexity. After all, it’s just auto coverage, right? This carefree attitude creates the perfect conditions for errors & omissions (E&O) claims. PPA is as complex as any line of coverage, but its placement frequency has lessened the industry’s attention to detail. Understanding the key concepts and definitions common to PPA coverage is the key to avoiding E&O claims. Umbrella and Excess policies are just as problematic– maybe more so. Unlike PPA and other lines, there is not as much uniformity between and among these forms. What we call an “Umbrella” may actually only be an “Excess” form. To complicate it even further, what we call an “Excess” form may actually be a “self-contained” form that does not provide excess over all underlying coverages. Insurance is simple in its purpose but complex in its application. This is also true for Private Passenger Auto and Umbrella/Excess policies. Don’t be lulled into complacency by the apparent “simplicity” of these coverages– pay attention to the details. The PAP has many moving parts, all working together, and it takes knowledge to keep all those parts coordinated. This course walks students through the unique and E&O-laced facets surrounding the Personal Auto Policy and Personal Umbrella. Course #228713 | 3 OGI | Instructor: Brian Ross