271) Trainee E&O
03/15/08
Dear Mr. Harrison,
Should Appraisal Trainees take out a policy for E&O insurance while they are still under the supervision of a senior appraiser, who signs all their reports?
Thank you.
Rebecca Pickart rpickart1@yahoo.com
Dear Rebecca,
It is often cheaper to have the office you work for have their policies written to cover you as a trainee.
H2
Should Appraisal Trainees take out a policy for E&O insurance while they are still under the supervision of a senior appraiser, who signs all their reports?
Thank you.
Rebecca Pickart rpickart1@yahoo.com
Dear Rebecca,
It is often cheaper to have the office you work for have their policies written to cover you as a trainee.
H2
21) Trainee E&O
12/11/06
Dear Henry,
In the state of Florida is it necessary for a Trainee Appraiser to carry E & O insurance? All trainee work is reviewed and approved by licensed or
certified appraisers and reports are signed by these supervisors who are covered by their E & O insurance.
Is the trainee coverage redundant to the supervisor's coverage?
Thank you,
Richard Elwood dickelwood@comcast.net
Dear Richard,
I believe that the only way a trainee would be covered by their supervisor's insurance in the event of a lawsuit is if the supervisor's insurance specifically said that this additional coverage were provided. This probably also could be accomplished by having the Trainee named as an additional insured.
H2
In the state of Florida is it necessary for a Trainee Appraiser to carry E & O insurance? All trainee work is reviewed and approved by licensed or
certified appraisers and reports are signed by these supervisors who are covered by their E & O insurance.
Is the trainee coverage redundant to the supervisor's coverage?
Thank you,
Richard Elwood dickelwood@comcast.net
Dear Richard,
I believe that the only way a trainee would be covered by their supervisor's insurance in the event of a lawsuit is if the supervisor's insurance specifically said that this additional coverage were provided. This probably also could be accomplished by having the Trainee named as an additional insured.
H2