The Fine Art of Limiting Liability
by Steve Vorbrodt
Steve Vorbrodt is a lawyer with Dolden Wallace Folick LLP practicing in the area of insurance defence.
1 Technical Credit for Level 1, 2, and 3 General Insurance Agents and Salespersons.
To qualify for CE credit…
– Read the entire article carefully, including all its sections and content labelled ‘Mandatory’.
– Select the ‘Mark Complete’ button at the end of each section to track your progress.
– Successfully challenge the quiz to demonstrate your learning.
– Select the ‘Completion Certificate’ link to save and download your personalized completion certificate.
Please Note: CE credits from this HyperArticleTM can only be used once towards your CE requirements every three licence periods. For further information on CE regulations, please refer to the Insurance Council of BC’s website.
Overview
This HyperArticle™ examines how professionals use engagement letters to limit liability for their errors or omissions. But these clauses aren’t always enforceable. You’ll learn about common pitfalls in limitation clauses such as unsigned contracts, lack of client understanding, and unfair terms. Understanding these issues will help you accurately assess clients’ insurance needs and recommend appropriate coverage, especially when limitation clauses may fail.
When you’re ready, please go to the first content section…
