Common insurance coverage issues in errors and omissions claims
Professional liability, specifically errors and omissions, continues to be a rather specialized type of insurance coverage requiring a unique type of expertise to manage associated insurance claims. The complexities and intricacies of this line of insurance can be quite daunting at times, even to the trained eye. Errors and omissions, being a type of professional liability insurance that protects companies and their employees or directors and officers against claims made by clients, patients and others for inadequate work or negligent actions, is applicable to a wide range of professions including lawyers, doctors, engineers, insurance professionals, financial advisors, and civil servants, to name a few. The range of insurance coverage options seems at times as vast as the range of professionals coverage is available to.
In this white paper, seasoned errors and omissions adjuster, Randy Novick, addresses the most common types of insurance coverage issues that customarily arise in claims. He also illustrates how to handle situations when such issues arise.