BC Advantage - 2017 Issue 7

Professional Liability Policy Basics

Professional Liability Policy BasicsProfessional Liability insurance, sometimes referred to as Errors and Omissions (E&O) insurance, is designed to provide financial protection from damages and expenses (such as legal fees and court costs) arising from allegations of wrongdoing, made by your client, with regards to how you did or didn't perform your job duties as a medical biller/coder, which caused them a financial loss.  The primary reason for professional liability coverage is that a typical general liability insurance policy will only respond to a bodily injury, property damage, personal injury, or advertising injury claim.  When you...

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