The errors and omissions (E&O) insurance coverage has been expanded to address the increasing liabilities of persons and
The errors and omissions (E&O) insurance coverage has been expanded to address the increasing liabilities of persons and entities involved with managed care. This coverage has been developed in response to an increase in managed care laws being passed, negative public sentiment about managed care, and high-profile judgements against managed care organizations.
This coverage has an expanded definition of covered managed care services, such as the design and implementation of financial incentive plans. It includes workers compensation plans and health plans that provide coverage for services. Also covered under this program are medical malpractice allegations involving managed care activities, such as utilization review.
Including full limit multiplied and punitive damages coverage for antitrust claims, this expanded version of E&O insurance has specific coverage for medical information protection, and automatic coverage for 90 days in the event of a merger or acquisition. With no ERISA (Employee Retirement Income Security Act) exclusion, this coverage also has expanded defense expenses for contract claims and injunctions.
Executive Risk, 82 Hopmeadow St., Simsbury, CT 06070 Phone: (800) 432-8168 Fax: (860) 408-2288