Professional Liability E&O Vs D&O

Discussion in 'E&O - Errors and Omissions for Insurance Agents' started by bill777, Aug 6, 2011.

  1. bill777
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    bill777 Well-Known Member

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    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: Aug 6, 2011
  2. Bertolinoins
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    Bertolinoins Well-Known Member

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    What does the client do? Are they a non profit or a publicly traded company?
     
  3. bill777
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    bill777 Well-Known Member

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    He's a non profit company, thanks for replying.
     
  4. Bertolinoins
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    Bertolinoins Well-Known Member

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    It is likely D&O to cover the board members. Probably not professional liability unless they provide counceling or some other professional services.
     
  5. Guest
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    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.
     
  6. bill777
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    bill777 Well-Known Member

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    they provide job training, counseling, support services to at risk families. thanks.
     
  7. tyjones
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    tyjones Active Member

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    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.
     
  8. bill777
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    bill777 Well-Known Member

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    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 :)
     
  9. Guest
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    Well, ABSOLUTELY, GL, E&O and D&O are ALL completely different coverages!
     
  10. xrac
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    xrac Well-Known Member

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    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.
     

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