errors and omissions


Also found in: Medical, Financial, Acronyms, Encyclopedia.

errors and omissions

n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence.

References in periodicals archive ?
The Louisiana Real Estate Commission hereby issues this Invitation to Bid to qualified bidders for the establishment of a price contract to provide Errors and Omissions Insurance (Professional Liability) to be made available to all active Louisiana real estate salespersons and brokers in accordance with LA R.
Between January and May, net errors and omissions remained the biggest source of financing that helped shrink the current account gap.
LIU is the first primary insurance carrier to offer capacity and coverage specifically tailored for this platform covering data privacy and technology errors and omissions risks in the cloud environment.
6: STANDARDS RELATING TO TAXPAYER ERRORS AND OMISSIONS
Errors and omissions in preparing tax returns can occur easily.
Allstate case, and others like it, are examples of the kind of legal action that could trigger errors and omissions insurance claims from independent insurance agents in Katrina-affected areas.
Today's litigious environment brings real estate agents face to face with increased risk that they will face claims of errors and omissions (E&O).
CalSurance, a national insurance sales, service and support company, has enhanced its specialized errors and omissions program for broker-dealers with less than 75 brokers, the company said.
Mortgage bankers bond covering fidelity, crime and mortgagee's errors and omissions * Mortgage impairment and mortgagee's errors and omissions * Directors and officers liability with employment practices liability * Professional liability * Floodwatch[TM] NFIP flood compliance * Excess flood coverage * Surety bonds * Property & casualty coverage
The new plan, MediKey [SM], takes the guesswork out of coding and protects earnings with special low-cost Billing Errors and Omissions (E&O) insurance, available to healthcare providers and facilities that enroll in the compliance plan.
The proposed bill would exact penalties of 50 percent of the amount of the corporate tax understatement from corporate employees for simple errors and omissions shown on their employers' income and excise tax returns.
The Born of the Spirit program has numerous errors and omissions and a defective methodology.