What is error and ommission insurance?
Answers: Errors and omssions (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. For doctors, dentists, chiropractors, etc., it is often called malpractice insurance. For lawyers, accountants, architects or engineers, it may be called professional liability. Whatever you call it, it covers you for errors (or omissions) that you have made or that the client perceives you have made.
Most E&O policies cover judgments, settlements and defense costs. Even if the allegations are found to be groundless, thousands of dollars may be needed to defend the lawsuit. They can bankrupt a smaller company or individual and have a lasting effect on the bottom line of larger companies.
In short, E&O coverage provides protection for you in the event that an error or omission on your part has caused a financial loss for your client.
Another name for Malpractice. It can be for a variety of professions - from doctors, to vets, to insurance agents, to engineers, to architects, to beauticians, to lawyers, to accountants, etc.
Also called professional liability.
I am a recent graduate from California..moving to New York..what state should my robustness insurance be contained by?
I am a California resident, have be all my existence...and will be in New York for in the order of a year..not long enough to carry residency. If I apply for short term vigour insurance, do I put in my NY zipcode or my hometown (my parents' address). Sorry if this is a impractical question...Thanks!Answers: You don't hold to live in a state for a minimum time to be a resident.
If you want strength insurance to cover you in a NYS hospital, next to NYS providers, buy a NYS policy. If you want CA hospitals and CA providers, buy a CA policy.
Each policy will have different rules and requirements - they do NOT pass over from one state to another (with the exception of life threatening emergencies). So, if I be you, I'd buy NY coverage while you're living in NY.
It is preferable to gain health insurance within the state you will reside in especially if it is more than 90 consecutive days. Many condition insurance policies specify length of time you can be away from your primary territory which is usually 90 days. Afterwards, the definition of residency contained by insurance terms is the one where on earth you are at more than 90 consecutive days. I used to have to enlighten some of my frequent vactioning clients to make sure they have returned by the 91st day. There is a permitted loophole language to that but I won't return with into it as it is not ethical as an agent of an insurance company to discuss the loophole in writing and to proffer it to an insured. It was adjectives verbal and simply offered as a side bar stale the record
Also, near is the possibility of limited coverage for when you are outside of your primary plan nouns which could translate to higher out of pocket costs to you because you are not inwardly your plan's established network. Some will even state if you are hospitalized outside of the primary nouns, then you will requirement to be moved as soon as you are considered stabilized for transportation into a network nouns which sometimes the policy will not cover transportation costs depending on your state's guidelines if it addresses it at adjectives.
Find a policy that can be "transferred" to the other state once you have moved rear to CA. It will be a new policy written, but the company will own recognized a continued short lapse coverage which would then not subject you to pre-existing conditions rule as surrounded by essence you are the same risk pro with one and the same insurance company just within a different geographical location.
Good luck
Auto insurance quiz - can this work?
I am 17 years old who moved to canada from the caribbean a few months ago for uni so i dont hold parents who can just put my term under their insurance plan so that i would singular have to reward $1000 or so a yearBecause of this my uncle who is an in canon said he will put me under his plan so here is the problem. Since i dont live within his house, province and am not blood related to him would he still be able to do so? My dad is using this as an excuse to prevent me from getting a vehicle so i just want to get sure if there is a posiblity until that time bothering to check with a professional and getting my lisence.
Answers: Anyone can detail anyone else as a driver on their policy. The person who owns the sports car, though, has to be the NAMED INSURED on the policy.
So if your uncle owns the policy, he ALSO have to own the car. Your father probably doesn't want to buy a motor and put it in your uncle's designation - which is what you'd have to do.
Talk to a local agent. Here surrounded by the USA, a 17 year old CAN enjoy their own policy. For what it's worth, there's not much difference in price between a 17 year aged as a primary driver on a car owned by dad, contained by dad's name, on dad's policy, and a 17 year outdated as a primary driver on their own car, on their own policy.
It might change in Canada, but you posted this on the USA board, so you get my USA answer.
You can register a vehicle in one province, but once that vehicle have been surrounded by another province for more than 30 days then that vehicle must be registered within that province.
So we have a vehicle insured where on earth the vehicle is used regularly in another province, the principal worker is someone other than the one down, who may don't have a Canadian driver's licence. Basically the insurance policy would not be worth the composition it's written on should you have a claim since you and your uncle go out of your way to misrepresent the risk. My opinion is to do it the right way where on earth you register YOUR vehicle in YOUR moniker, in YOUR province and contend YOURSELF as the principal operator (responsibility's a strain isn't it?). If not please stay off OUR roads.