Thursday, May 9, 2013

Professional Liability Malpractice (Errors and Omissions)

If you find yourself giving advice or providing a service based on your expertise as opposed to selling a tangible product, you ultimately are liable for any problems arising out of such advice. To keep yourself protected, you will need Malpractice insurance (medical field), or errors and omissions insurance (for everything else).
You, like 100% of my clients, are not informed how to go about getting a cheap (usually from $50 per year) rate and what to submit or where. Typically, I can submit the following to one of ONYX's exclusive carriers:
  • Application detailing work (provided by the carrier)
  • Resume of the individual to show work experience (just a glimpse is fine)
  • Insurance requirements needed based on the contract you have signed with the hospital, agency, practice, or employer in general (sample of contract signed is submitted ot carrier)

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