errors and omissions insurance Archives

What is E and O Insurance for Home Inspectors

July 6, 2013April 21, 2014 Guest Author

What is e and o insurance? It’s a type of insurance that professionals such as home inspectors carry to protect themselves and homeowners in the event of home damage caused by neglect during the inspection. When a home inspector overlooks some element of a home inspection and then later, because of his error, damage results, whose fault is it? In almost every case, a court will decide that the inspector is liable for the damage. Errors and omissions insurance, usually referred to as e and o insurance, can prevent complicated…

5 Reasons to Review your Medical Malpractice Insurance

March 24, 2013April 21, 2014 Guest Author

Medical Malpractice Insurance – Remember to Review Before You Renew! Few physicians, if any, would argue that it’s important to ensure no lapse in your medical malpractice insurance coverage. Too many, though, fail to put as much attention where it’s desperately needed – when it’s time to renew their policy. A thorough review of the proposed coverage is essential, whenever your policy is due for renewal. Premiums and levels of coverage can change, sometimes in your favor, sometimes not. There are many factors that can affect the level of protection…

Five Tips for Keeping Errors and Omissions Insurance Costs Down

January 30, 2013April 13, 2014 Guest Author

In our lawsuit-happy society, in which even the spillage of hot coffee can lead to a multi-million dollar settlement, virtually every business needs some form of errors and omissions (E&O) insurance. Also referred to as professional liability insurance, professional indemnity insurance and, in the medical field, malpractice insurance, E&O insurance covers various types of businesses against the costs associated with civil lawsuits. The economy remains strained, however, and business executives want to know how they can minimize the cost of E&O insurance. In this article, we’ll look at five ways…