What is errors and omissions insurance

Errors and Omissions (E&O) Insurance

Doctors are exposed to various risks that can result in legal or financial liabilities during their practice. Such risks are referred to as Errors & Omissions (E&O) that may occur while rendering healthcare services.

Bajaj Finserv brings E&O insurance plans, a type of Indemnity Insurance for Doctors to protect them against financial and legal liabilities arising out of errors or omissions like misdiagnosis, incorrect consultation given, negligence, etc.

Errors & Omissions Insurance for Doctors

E&O insurance plan comes with high-value coverage amount which can be used to meet the compensation claimed by patients or a third party due to negligence or mistake in service discharge. While providing healthcare services, like treatment, diagnosis, post-treatment advice, etc., errors and omissions are possible. Such an insurance policy covers the following liabilities –

• Errors in procedures related to surgery
• An inadequate or incorrect course of treatment
• Misdiagnosis of illness
• Negligence in diagnosis
• Errors in extending advice to patients
• Incorrect or inaccurate medication

Features of E&O Insurance Plan

Bajaj Finserv brings E&O insurance plan, a type of Professional Indemnity Insurance for Doctors along with attractive features that hedge losses arising from professional service.

• High coverage amount
  Doctors can opt for Errors & Omissions insurance plans with a high coverage value extending up to Rs.1 crore from Bajaj Finserv. Choose a suitable amount for professional indemnity coverage based on the identifiable risks involved, size of your practice and your budget.
• Affordable premiums
  Bajaj Finserv has affordable Indemnity Insurance Policy for errors and omissions. Avail a coverage amount of up to Rs.50 lakh against a premium of Rs.9,440. For a professional indemnity coverage of up to Rs.1 crore, the premium payable is Rs.12,980.
• Exhaustive legal liability coverage
  Stay protected against a wide range of financial and legal liabilities arising out of professional risks. It extends to the cost of defence during litigation, confidentiality breach, libel, claims against professional services rendered, and the likes.
• Fast and convenient claim redressal
  Bajaj Finserv also offers fast redressal and settlement of claims. Submit required documents and details to receive confirmation of your settlement amount within 30 days of application.
• Simplified process to claim
  Receive the claim amount in a few simple steps with Bajaj Finserv.
• Contact us for the insurance claim immediately after the liability arises
• Submit details and all necessary documents required
• Receive the claim settlement

Errors & Omissions insurance plan for doctors is available for individual healthcare practitioners only. Opt for your E&O cover with Bajaj Finserv and stay protected against unforeseen risks.

What is Indemnity Insurance