E&O Claims App
1 in 7 insurance professionals will be named in some type of E&O claim at some point in their insurance careers.
The average claim is in excess of $18,000, not including the cost of legal representation.
Managing errors and omissions (E&O) insurance claims can become difficult when you don’t know how many claims you have or are constantly trying to find the one email that contains the document you need.
Onit’s E&O Claims App can simplify the way you collect data so you can more accurately assess your company’s risk each time a claim is filed.
An easier claims-reporting process will give you greater transparency of all the claims in the pipeline, making it get easier to get data required and eliminate unnecessary paper trails. You will also stay on top of spending and reduce your company’s exposure and financial harm.
What is E&O Insurance - Errors and omissions (E&O) is the insurance that covers your company, or you individually, in the event that a client holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results.
Why E&O Claims Might Occur:
The Ins and Outs of Errors and Omissions Insurance. Learn More »Source: Insurance Journal
Managing Risk with E&O Insurance. Learn More » Source: JoeFerry.com
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