Brokers Can Indemnify Themselves Against Legal Actions by Those with Whom

question 52

True/False

Brokers can indemnify themselves against legal actions by those with whom they deal by purchasing errors and omission insurance.

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Definitions:

Progressive Discipline

A disciplinary process in the workplace that uses a graduated range of responses to employee misconduct, from verbal warnings to dismissal.

Disciplinary Interview

A meeting between an employee and management to discuss breaches of discipline or workplace standards, potentially leading to corrective action.

Disciplinary Action

Measures taken by an employer to correct an employee’s misconduct or performance issues.

Communicate Rules

The process of conveying guidelines, policies, or regulations to ensure they are understood and followed within an organization or community.