Risk Management
- ❤️️
- ❤️️
- ❤️️
- ❤️️
- ❤️️
- ❤️️
- ❤️️
Errors and Omissions Insurance Policy
Error and omissions insurance is a form of liability insurance, generally termed as E&O insurance covers breach of duty and protects any organisation/ institution / establishment against lawsuits and claims made by the clients against a professional who has provided advice or services to that client. E&O insurance covers the organisation and their employees against claims of negligent actions, breach of duty or any error or omission in rendering professional services.
This policy is meant to pay for defence expenses and damages which the insured is legally bound to pay resulting from any judgment or award by competent authority.
Error and Omission Insurance in medical fraternity:
Medical profession is exposed to various risks resulting in legal and financial liabilities.The Error and Omission Insurance policy will indemnify the Insured in respect of any act committed by the professionals or qualified assistants named in the proposal engaged by the medical establishment which gives rise to any third party legal liability.
The legal liabilities arise out of errors & omissions like misdiagnosis, negligence, errors in procedures related to surgery, an inadequate or incorrect course of treatment or medication, error in extending advice to patients etc.
Many times the patient party tends to file suits not only in names of a treating doctor but the medical establishment and its employees also and this risk is referred as “vicarious liability”, wherein when one person is liable for the negligent actions of another person, even though the first person was not directly responsible for the injury.
In such a scenario the Individual liability policy would respond for the Individual doctor only but the E&O Insurance will respond for the establishment and its employees.
This is one of the main reasons why the medical establishments should opt for E&O Insurance and stay protected against unforeseen risks.
How to Get the Best Suitable Errors and Omissions Insurance Policy?
Error and Omissions (E&O) Insurance is designed to cover breach of duty and protect the business against FIR and claims made by any client against an expert who has given services or advice to that client. Our company successfully provides cheap and high-quality Errors and Omissions Insurance Policy based on the ever-increasing needs of medical professionals in the nation.
Concentrate on the Insurance Policy Online
You may be a beginner to the E&O Insurance policy and like to be aware of the fundamentals and complex things about this insurance policy. You can make contact with our successful team and explore everything related to this insurance policy on time. We give you instant response and ensure an excellent enhancement in your method to use of our insurance policy.
Our insurance policy is known and suggested by happy customers due to its design to cover the business and its employees against claims of negligent actions, any error or omission in rendering professional service, and breach of duty.
Be Conscious About How to Choose and Invest in the Insurance Policy
Our insurance policy is meant to pay for the overall defense expenses and the complete damages that the insured is completely and lawfully bound to pay consequential from the judgment by the competent authority.
You can research the Error and Omission Policy details revealed in our mobile-compatible platform online and discuss anything associated with our insurance policy. You will get enough assistance and ensure an exceptional enhancement in your approach to using the right insurance policy.
