Homework answers / question archive / General Liability and Professional Liability - E&O - Insurance - Week 4 Applied Med and Negotiation (CRS-7850-400) Read these articles

General Liability and Professional Liability - E&O - Insurance - Week 4 Applied Med and Negotiation (CRS-7850-400) Read these articles

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General Liability and Professional Liability - E&O - Insurance - Week 4 Applied Med and Negotiation (CRS-7850-400)

Read these articles.

- From the U.S. Chamber of Commerce

o https://www.uschamber.com/co/start/strategy/guide-to-professional-liability-insurance

- From an insurance company that provides E&O Professional Liability Insurance.

e https://www.hiscox.com/small-business-insurance

- Sometimes mediators who receive court-referrals are required to have professional liability insurance (PLI), too.

These insurances are not just for private mediators.

e Mediator PLI

1. Write a 1-, maybe 2-page essay on general and professional liability

insurance policies, answering these questions. Most of your focus will

be on professional liability.

© Read at least three more websites that explicitly explain E&O insurance. You can simply paste (at the end of the

essay) the links of all the websites consulted, including those above. As best you can, alphabetize your list of links.

e See if you can include a site that offers policies designed specifically for mediators and arbitrators.

e Consult the websites of insurance companies that provide E&O insurance, and others.

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1. What is general liability insurance?
2. 1. How is it defined?
3. 2. Exactly what does this type of coverage offer, what is the scope, or spectrum, and does it protect ADR
4. professionals?
5. ~ Bega! Omissions ~~
6. - (inte Insurance (E&O) —
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8. oa Jt | Se Se  in-shur-an@Js) = sss
9. Be fe Kee :~=—sinsurancetthat protects)
10. @! a poe _ companies, their workers,
11. a ge - and other professionals. ss
12. a a against claims of inadequate
13. ee oe work or negligent actions. -
14. en Yinvestopedia
15. 1. Describe professional liability insurance, also called E&O, for errors and omissions.
16. 1. How is it defined?
17. 2. What things does it cover that general liability insurance does not?
18. 3. And what things does E&O insurance not cover? Does it cover slips and falls?
19. 4. Discuss the 'retroactive date. Why is this important?
20. 2. Is there any overlap between general liability and E&O insurances, in terms of coverage?
21. 3. How much are the $ premiums, on average, for general liability? For professional liability?

 

 

2. The BLOGS and ARTICLES below...

...deal with all kinds of mediation issues, such as ethics, confidentiality, introversion, mental health, and the mingling of

mediation and arbitration with the courts, lawyer-mediators, and...

In other words, the topics you can read about in this part of the assignment are among the "non-liability-insurance-

related" materials we read about in Content this week. We need to address these, too. We have been learning a lot

lately about mediation and negotiation, to be sure, and | want at this point to add in some people who are mediators,

and negotiators.

1. Go shopping through these links and pick out one.

2. Read the article/blog/statement of your choice in its entirety.

3. Comment in ~1-2 paragraph{s] the gist, or major ideas, of the piece. Then consider and write about...

1. Is there any relationship between this article and the insurance paragraphs you just wrote? What did you learn from this article

that takes your knowledge a step beyond the nuts and bolts of the insurances?

2. Is there not much, if any, relationship between this article and your insurance paragraphs? You can also write about what you

learned from this article that takes your knowledge a step beyond what you knew before.

Key takeaway from this assignment is to broaden and deepen our understandings of the various facets of careers or side-jobs in ADR. The

purpose has not been to intimidate you with how much ADR professionals have to do, and what they always need to keep in