Errors & Omissions Liability

Errors and omissions liability insurance, also known as E&O insurance, protects your business and you from lawsuits or allegations that may arise in any role including clinical or non-clinical. E&O insurance safeguards your personal assets and can help cover defense costs or settlements.

Errors & Omissions coverage protect you 

Errors & Omissions insurance is designed to protect business owners and professional individuals form claims including:

Negligence

Professional errors in services rendered

Omissions

Misrepresentations

Violation of good faith and fair dealing

Inaccurate device

Errors & Omissions insurance coverage offerings

The cost of liability claims can be very costly and so expensive that they could your business at risk without errors and omissions insurance coverage. Your E&O insurance may cover part of your costs such as:

  • Attorney fees: Provides coverage for defense costs which may range from $3,000 to over $250,000.
  • Court costs: including court filing costs or cost of expert witnesses.
  • Administrative costs: Covers costs to put your defense together as well as court reporters.
  • Settlements and judgments: Covers the costs to resolve the claim and obtain your release from liability. 

How much is Errors & Omissions insurance?

Premiums will vary based on the level of insurance limits purchased and the revenue associated with your practice. Other factors include but are not limited to type of services rendered, geographic location, specific coverage needs, claims history, and overall risk profile.