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The Ultimate Account Manager -Errors and Omission

Total Credits: 2 including 2 CE Credit

Average Rating:
The New Ultimate Account Manager Series - Live
Errors and Omissions |  Professional Development |  Other E&O Training |  Professional Development - Agency Development
Cheryl Koch |  Sharon A, Koches, CPCU, RPLU, AAI, AU, ITP
Course Levels:
2 Hours
Access for 30 day(s) after program date.



Three or four decades ago, about 1 in 25 agencies could expect to have an E&O claim, and up until that time there were few, if any, claims paid in excess of $300,000. A typical deductible for agency E&O coverage was $2,500 to $5,000. Today, one in five agencies can expect to be involved in some kind of E&O situation. Many agencies are forced to carry deductibles of $50,000 or more on their professional liability policies and too many E&O claims will usually result in non-renewal of the agency’s E&O and possible placement in a non-standard (and very expensive) market.

When disasters strike, as they now so often do, there is a “second catastrophe” that follows in the wake of hurricanes, tornadoes, wildfires and earthquakes. These are the E&O claims brought by clients who were either uninsured or inadequately insured for their loss. With widespread losses, mistakes agents may have made are uncovered that might not otherwise be brought to light.

Another emerging trend is E&O actions against agencies that are brought by insurance companies. If an agent makes a mistake that causes a loss to an insurer that would not have taken place had the agent not made the error, the company will pay the claim to the policyholder and then sue the agency for reimbursement of the loss. An example would be information that was obtained from the insured that was not passed along to the insurance company. If that information was material and it would have caused the company to decline the account, they may pay a covered loss to the policyholder, then obtain reimbursement from the agency or its E&O carrier

Basic Course Information

Learning Objectives
  • Understand the history and evolution of agency E&O claims
  • Identify the real, underlying causes of E&O losses and their cost
  • Determine what “services” do not add value to a client – and refrain from doing them
  • Recognize the way effective procedures help an Account Manager provide outstanding service
  • Document files effectively for E&O reduction and to maintain database integrity

Major Subjects
  • Experienced Account Managers will enhance their skills, productivity and effectiveness
  • Newcomers will acquire powerful methods that represent world-class customer service
  • Everyone learns to reduce errors and omissions exposures and develops true career satisfaction
  • Learn the things you wish you’d been told your first days, weeks or months on the job.

Course Materials


Cheryl Koch's Profile

Cheryl Koch Related seminars and products

President and CEO

Agency Management Resource Group

Cheryl Koch has been in the insurance industry for a very, very long time.  Now, you might think that makes her old, however, old is merely a state of mind.  Over the years, Cheryl has served in nearly every capacity in an Independent Agency, having been an Account Manager, Producer and Agency Owner.  She now devotes her time to agency management consulting and training and speaking at industry functions throughout the country.  She is the President and CEO of Agency Management Resource Group located in Roseville, California.  Cheryl consults on marketing and sales, sales management, agency operations, automation, and strategic planning.

Cheryl is also a devotee of lifelong learning and has earned a number of insurance industry professional designations:  CPCU (Chartered Property Casualty Underwriter), CIC (Certified Insurance Counselor), ARM (Associate in Risk Management), AAI (Accredited Adviser in Insurance), API (Associate in Personal Insurance), AAM (Associate in Automation Management), AIM (Associate in Management), AIS (Associate in Insurance Services), ARP (Associate in Research and Planning), Associate in General Insurance (AINS), ACSR (Accredited Customer Service Representative) and AFIS (Agribusiness and Farm Insurance Specialist).  It is the last designation, AFIS, of which she is most proud, having created it along with the late Dr. Emmett J. Vaughan.  Some would say that Cheryl is a real insurance nerd, and she would not disagree.

Cheryl has a Bachelor’s degree in Economics from UCLA and an MBA from Sacramento State University, where she served as a faculty member in their Risk Management and Insurance program for many years.  She has also served as President of the Sacramento Chapter of CPCU and was on the CPCU Society’s Board of Governors for three years.

Cheryl serves as a volunteer member of the Independent Insurance Agents and Brokers of America Virtual University “Ask An Expert” Committee.  She is also a member of the Society of Insurance Trainers and Educators (SITE), the Society of CPCU and the American Association of Insurance Management Consultants (AAIMCO).

When she’s not busy with her insurance activities, Cheryl enjoys spending time at baseball games, and has been to nearly every major league ballpark.  She is a lifelong Chicago Cubs fan, which should explain a lot about her. 

Sharon A, Koches, CPCU, RPLU, AAI, AU, ITP's Profile

Sharon A, Koches, CPCU, RPLU, AAI, AU, ITP Related seminars and products

Managing Performance, LLC.

Sharon Koches, owner/consultant of Managing Performance, LLC is an Insurance Educator, consultant and industry resource.  She is also a consultant for Agency Management Resource Group and serves on the National CPCU Society Leadership Council.


Sharon was Vice President of Insurance Operations & Technical Affairs at the Independent Insurance Agents of North Carolina (IIANC). A member of the Senior Management Team, responsibilities included technical affairs, management of IIANC’s Errors & Omissions Program, Group Insurance Program, Market Access Program and the insurance operations for the North Carolina Association of Insurance Agents (NCAIA), an affiliated corporation of IIANC which is responsible for placing the insurance coverage for the State of North Carolina, including state agencies, departments and universities.  In addition she was responsible for special projects, creating and instructing educational courses and symposiums, and consulting on agency procedures and technical issues.

Prior to that, Sharon was with The Institutes (previously the American Institute for CPCU/ and the Insurance Institute of America) serving as a sales executive in the Southern Region, as well as liaison to the Independent Insurance Agents and Brokers of America (IIABA).

Sharon was an account manager, a field underwriting/production position, for Selective Insurance Company’s Alternative Market/Large Accounts Department (SRM). Her other positions at Selective included specialty lines account manager and agency management specialist (small/middle market field underwriting/production). She also handled Casualty Facultative Reinsurance. 


Fri, Jul 15, 2022 - 12:00pm to 01:58pm EDT
Wed, Jul 27, 2022 - 02:00pm to 03:58pm EDT
Fri, Aug 12, 2022 - 04:00pm to 05:58pm EDT
Wed, Aug 24, 2022 - 12:00pm to 01:58pm EDT
Fri, Sep 09, 2022 - 02:00pm to 03:58pm EDT
Wed, Sep 28, 2022 - 04:00pm to 05:58pm EDT
Fri, Oct 14, 2022 - 12:00pm to 01:58pm EDT
Wed, Oct 26, 2022 - 02:00pm to 03:58pm EDT
Fri, Nov 11, 2022 - 04:00pm to 05:58pm EST
Wed, Nov 23, 2022 - 12:00pm to 01:58pm EST
Fri, Dec 09, 2022 - 02:00pm to 03:58pm EST
Wed, Dec 28, 2022 - 04:00pm to 05:58pm EST

State Specific Details

Basic Course Information

Course Developer Agency Management Resource Group

Promo Video



Overall:      1

Total Reviews: 1


Nicolle P - Manhattan, Kansas

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