But even those financial institutions that have errors and omissions
insurance may find their coverage in dispute.
An important part of risk management involves purchasing Real Estate Errors and Omissions
insurance from a financially strong insurance company to protect you and your business.
A related and equally significant claims-made issue is "gaps" in coverage existing for acts, errors and omissions
that lead to claims after professionals change jobs or sell a business.
While errors and omissions
do occur in the reporting of current account transactions as well as capital account transactions, the more than three-fold increase in the statistical discrepancy from $22 billion in 1989 was probably accounted for largelly by net unreported private capital flows.
However, the opposition Republican People's Party (CHP) was skeptical in its appraisal of Turkey's net errors and omissions
figures, noting that in a report released in March 2014, $2.4 billion in unexplained money entered the country -- a national record.
CloudInsure clients will have access to specialist privacy cover for data stored in the cloud should it be unintentionally released, and technology errors and omissions
coverage if their systems fail to deliver as promised.
Allstate case, and others like it, are examples of the kind of legal action that could trigger errors and omissions
insurance claims from independent insurance agents in Katrina-affected areas.
CalSurance, a national insurance sales, service and support company, has enhanced its specialized errors and omissions
program for broker-dealers with less than 75 brokers, the company said.
Additional risks include Web content liability such as libel, slander, and trademark infringement; professional errors and omissions
liability; and network security and liability loss.
Currently, practitioners must inform clients promptly of any noncompliance, including errors and omissions
The new plan, MediKey [SM], takes the guesswork out of coding and protects earnings with special low-cost Billing Errors and Omissions
(E&O) insurance, available to healthcare providers and facilities that enroll in the compliance plan.