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E&O insurance coverage for IC MTs - Janet

Posted: Oct 17, 2009

Does anyone know anything about E&O insurance coverage for IC MTs and if it will be required by government in the year 2010? A recruiter told me this morning that her company would require this coverage since the U.S. government will require ICs to have this coverage in February of 2010. Did I understand her correctly? If so, does anyone have any idea how much this would cost?

More than we can afford - Happy MT Robin

[ In Reply To ..]
I'd love to know what source the recruiter was referring to about IC's having E&O coverage. The bottom line, for me anyway, is don't ever work for a company that tries to tell you that you need to provide your own E&O coverage. I've posted about this before, so some of you may think I'm being a know-it-all, but I did used to sell insurance, so this is actually a familiar topic for me.

E&O insurance is to provide coverage for you in case something you do in the course of your work, either an error or an omission, causes harm to someone and they sue you. Yes, MTs can get this type of coverage - you can insure anything if you want - but it would be at least a minimum premium of about $1500 a year. I talked to my sister who works for an insurance brokerage about this, as the excess insurance market is her specialty.

Ultimately, though, the MT is not the final person on the report - the health care worker who is signing the report is. If there is an error or an omission of some sort, then any liability falls on the person who signs the report, not the person who typed it, whether the typist is an IC or not.

Any company that tries to snow me and tell me that I need to provide my own E&O coverage as an IC is not a company I will ever work for.

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