What errors and omissions liability insurance covers:
Errors and omissions insurance provides essential protection against claims of professional negligence and mistakes in services provided outside of direct patient-care.
This coverage typically includes legal defense costs and any settlements or judgments. E&O insurance also may cover claims from licensing boards, and bodily injury or property damage specifically resulting from services.
With E&O coverage, you can effectively manage risk and maintain your practice’s financial stability.
How much does errors and omissions insurance cost?
The cost of E&O insurance is primarily influenced by the revenue associated with your practice and the level of risk involved. While revenue is not typically a factor for standard individual malpractice policies, it becomes significant for hospitals and facilities, where revenue and related factors impact premiums.
We’re committed to putting your needs first and helping you manage costs proactively.
We provide cover for
You make life-saving decisions daily — rely on coverage designed to support your critical responsibilities.
Face every shift with confidence, backed by insurance tailored to meet the demands of nursing care.
Provide exceptional care knowing your coverage is built to support the demands of dental practice.
Treat every patient confidently with insurance that understands the risks and rewards of veterinary care.
Your care makes a difference — stay protected with coverage built for your fast-paced clinical role.
Your team is driving better outcomes — protect your practice with coverage designed for today’s clinical demands.
Request a Free, No-Obligation Quote Today
Is it time to examine your current policy? Remember, what you don’t know can hurt you.
The simplest way to mitigate risk is through thorough preparation. At Actuate Insurance, we are best placed to help enhance your preparedness.
With our extensive experience and deep industry knowledge, we are confident in our ability to tailor a competitively priced insurance program that addresses your unique needs.
Simply complete the form to request a free, no-obligation quote, and we will contact you to discuss your options.
Our Product Offerings
In the ever-evolving health care landscape, it’s not always “business as usual,” so having the right commercial insurance is essential.
It’s the nature of medicine for complications to occur. Make sure you and your practice are properly covered when allegations arise.
Your health should be a priority too. There is no time like the present to review your health benefits, explore options, and maximize savings.
FAQs
Errors and omissions insurance does not cover bodily injury or property damage (unless directly related to professional services), intentional wrongdoing, fraudulent acts, or claims related to general business risks.
While similar, errors and omissions insurance specifically covers mistakes and oversights in professional services, whereas professional liability insurance can also include broader protections for bodily injury or property damage related to professional activities.
Yes, premiums paid for errors and omissions liability insurance are typically tax deductible as a business expense. Always consult with tax professional for specific advice related to your situation.
Billing Errors & Omissions insurance responds to a variety of claims, including but not limited to alleging errors regarding duplicate billing, billing for services not rendered, or for unnecessary services, upcoding, and billing for services that do not meet the standard of care.
What’s New in Professional Liability?
Knowledge is power — and protection. Partnering with Actuate Insurance gives you access to specialized experience in health care insurance. Explore our Blog for insights, research, and guidance on issues that impact your practice.
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