In the dynamic world of business, mistakes are bound to happen. But when these errors result in financial setbacks for clients, it can result in pricey lawsuits for businesses. Errors and omissions (E ...

Since the recession the number and severity of professional liability claims are well-above historical records. The uptick is partly due to rising defense costs; a typical claim costs in excess of $50 ...

Background: The frequency of drug prescription errors is high. Excluding errors in decision making, the remaining are mainly due to order ambiguity, non standard nomenclature and writing illegibility.

Q: You have written that travel agency errors-and-omissions insurance rarely seems to cover what goes wrong at an agency. Can you explain what you mean by this? Why would a travel agency want such ...

Q: My agency has the standard "Travel Agents and Tour Operators Professional Liability Policy" offered by Berkely Group. The policy is also known as "errors and omissions insurance." I have read ...

It is always interesting to listen to the owners of mortgage companies who share their view of Mortgagee's Errors and Omissions, Professional Liability, and Fidelity Bond policies. Many have a ...

Financial advisors offer a lot of personalized advice which can open them up for potential lawsuits if anything goes wrong. These lawsuits not only harm their reputation but can financially devastate ...