New Trainee With An Actual At (trainee) License. E & O Insurance?

[A Brit in California]

I have never taken on a trainee before.

Do you think the trainee needs or should have E/O Insurance even if I am signing the appraisal reports?

Any thoughts and/or experience on this matter would be greatly appreciated.

Thank you.

 

[jay trotta]

Haven't worked with a Trainee in over 12 years and am sure the New requirements are significantly different now, don't think I would be of much help.

Good Luck

 

[nstanbru]

FWIW, my carrier has a provision to add an appraiser to my policy. Just my opinion, but I would want them to have their own.

 

[Mr Rex]

I have never taken on a trainee before.

Do you think the trainee needs or should have E/O Insurance even if I am signing the appraisal reports?

Any thoughts and/or experience on this matter would be greatly appreciated.

Thank you.

Call your carrier. IIRC the carrier has in their policy that the Trainee has to be covered. I'm not sure if they can get E&O on their own.or must be added to your policy. I'm pretty sure its cheaper to add them to your policy.

 

[Russ Kitzberger]

Any staff were on all business policies we had: E&O, General Liability, Auto (if a driver), and workers compensation. We have taken the point that a professional business needs to be run professionally. In RE to what is required for you; check your insurance providers for what staff need to be on it. In Ohio staff and subs needed to be on State run workers comp, company auto policy per BMV and general insurer regs, and E&O had required that all professional staff be on that as well. Check with your insurance broker and/or an attorney for a legal answer! What an exciting time, growing a business is a real adventure!

 

[Obsolescent]

I have a trainee and had to add them to my own policy. He wasn't allowed to get one on his own. Its part of the marriage of taking on a trainee.

 

[bnmappraisal]

Although I haven't had a trainee (yet) I know when I was making my bones (2006-2009) my supervisor had to add me to his E&O (LIA). Once I got my CR I then got my own E&O. I do remember calling LIA a few years ago (3-4) and asking about their requirements. At the time, IIRC, they said if I bring on a Trainee I need to add them to my E&O. Any type of admin person I would NOT have to add. So I'd say check with your current provider/carrier