I have a brand new Dell laptop with the latest Windows and had 0 errors on Reliability History. Working fine.
Truth is, Microsoft Office 365 ProPlus was working fine for 1 month (received the new laptop 1 month ago) until last night automatically received the update from Version 2101 (Build 13628.20448) to Version 2102 (Build 13801.20266).
Now, I turn on my computer and have the SAME issue (see below error). The problem is the update. Had the update not occurred, I'd had never known about this error. Your Office is fine and the program just crashed as a result of the update. Likely a one-time item.
Faulting Application Path: C:\Program Files\Common Files\Microsoft Shared\OFFICE16\OLicenseHeartbeat.exe
Problem signature
Problem Event Name: APPCRASH
Application Name: OLicenseHeartbeat.exe
Application Version: 16.0.13801.20182
Application Timestamp: 602dd932
Fault Module Name: KERNELBASE.dll
Fault Module Version: 10.0.19041.804
Fault Module Timestamp: 0e9c5eae
Exception Code: c06d007e
Exception Offset: 000000000002d759
OS Version: 10.0.19042.2.0.0.256.161
Locale ID: 1033
Additional Information 1: fe25
Additional Information 2: fe2598982014b3017e66523903d0ddc3
Additional Information 3: a604
Additional Information 4: a604c4b1640c4358ff7ba7d3c516c2c1