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Errors and Omissions: Are you covered?


If you are in a professional industry that involves giving advice to customers, you may consider Errors and Omissions insurance. Lawyers, insurance salesmen, doctors, and many other professionals should have this insurance in case some well-intended advice turns out to be not so great after all. Not only does it cover faulty advice, it even covers mistakes and accidental mishaps, such as a doctor inadvertently leaving a bandage in a wound. E&O policies are part of the umbrella insurance that all business owners should already have.

Professionals are seen as easy targets for people to sue. Lawyers and doctors are especially vulnerable. Let’s say for example that a doctor gives advice to a patient to not have surgery. If that patient later experiences serious suffering by following the doctor’s advice, he or she can sue the doctor for malpractice. Lawyers should also be covered with an Errors and Omissions policy. Giving misleading advice to a client can result is huge losses. In these cases, the client will almost always sue for damages and court fees. Having an E&O policy allows professionals to operate without the risk of losing their businesses from one mistake. If you are in a professional field, we highly recommend you take a look at an Errors and Omissions policy. For a free quote, call Paradiso Insurance at 800.660.2291.

- The Paradiso Team

Source: Paradiso Insurance

errors and omissions insurance quote - News


Board acts on New River records, hires law firm Wilkes Journal Patriot
- Feb 01, 2012
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGbY3tj6vIG1C2aHDxdmPD2GjwKQwamp;url=http://www.journalpatriot.com/news/article_c8e3b2ca-4d00-11e1-bc27-0019bb30f31a.htmlbBoard acts on New River records, hires law firm/b/abr /font size=-1bfont color=#6f6f6fWilkes Journal Patriot/font/b/fontbr /font size=-1Peggy Wallace, New River#39;s acting chief executive officer (CEO), said New River#39;s director#39;s and officer#39;s berrors and omissions insurance/b alone has $3 million in coverage. Ms. Wallace said the accounting firm referred to in the motion was b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dl8dPyCHgepSD-Mnobrb/b/nobr/a/font/div/font/td/tr/table

Media Firms Could Face Insurance Hikes in 2012 Insurance Journal
- Jan 31, 2012
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEALP9yE5qgeC4zWfO6tjqP-tDkMAamp;url=http://www.insurancejournal.com/news/national/2012/01/31/233405.htmbMedia Firms Could Face bInsurance/b Hikes in 2012/b/abr /font size=-1bfont color=#6f6f6fInsurance Journal/font/b/fontbr /font size=-1On average: berrors and omissions/b (Eamp;O) binsurance/b rates were down 5 percent. “The commercial binsurance/b market is in a state of transition entering 2012,” said Tom Quigley, US Leader of Marsh#39;s CMT Practice. “Several indicators, including substantial b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=d5Rrfe2DTWaADkMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

Big “I” and Swiss Re Launch EO Web Resource Insurance Journal
- Jan 31, 2012
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHGAiMpeuXj25nW8--xyb2y4O-tdAamp;url=http://www.insurancejournal.com/news/national/2012/01/31/233407.htmbBig “I” and Swiss Re Launch Eamp;O Web Resource/b/abr /font size=-1bfont color=#6f6f6fInsurance Journal/font/b/fontbr /font size=-1The “Eamp;O Happens” website was designed to offer risk management help for binsurance/b agents. It is a key component of the organization#39;s risk management efforts. It is available exclusively to agency berrors and omissions/b (Eamp;O) Swiss Re Corporate b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dCDY1eDZHagdhjMnobrb/b/nobr/a/font/div/font/td/tr/table

Aetnas CEO Discusses Q4 2011 Results Earnings Call Transcript Seeking Alpha
- Feb 01, 2012
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNENyYhWfT4Nuvm_YkgtdqcgpcxjAwamp;url=http://seekingalpha.com/article/332442-aetna-s-ceo-discusses-q4-2011-results-earnings-call-transcriptbAetna#39;s CEO Discusses Q4 2011 Results - Earnings Call Transcript/b/abr /font size=-1bfont color=#6f6f6fSeeking Alpha/font/b/fontbr /font size=-1Underlying these results, we ended the year with 18.46 million medical members, reflecting strong year-end growth from our Commercial ASC business, led by our national accounts franchise and continued growth in Large Group Commercial bInsured/b accounts./fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dj1d1g2Jara01oMnobrband morenbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

Property owners battle to slow development CottageCountryNow.ca
- Feb 01, 2012
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serif/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEQhPL-fE6IDrirneoxF7lT_5ur0Qamp;url=http://www.cottagecountrynow.ca/news/article/1290262--property-owners-battle-to-slow-developmentbProperty owners battle to slow development/b/abr /font size=-1bfont color=#6f6f6fCottageCountryNow.ca/font/b/fontbr /font size=-1“Essentially the township went to bat for an employee#39;s error, it could have been handled through the berrors and omissions insurance/b if she#39;d admitted she#39;d made a mistake,” said Cooper. In a sworn affidavit, Tripp denies making an error and said that b/b/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.com/news/more?pz=1amp;ned=usamp;ncl=dAEILqo4y3XJYKMnobrb/b/nobr/a/font/div/font/td/tr/table