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Revised 1/11/20223/23/2023ERRORS & OMISSIONS GUIDELINES AND FORMSRevised 1/11/20223/23/2023INTRODUCTION: This guide serves as a companion to FOOT Procedure: RESOLUTION OF ERRORS, OMISSIONS, AND CONTRACTUAL
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Read and understand the errors and omissions guidelines provided by your organization
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Errors and omissions guidelines refer to the protocols and requirements established for reporting and addressing omissions and errors in various professional practices, particularly in sectors like insurance and services.
Typically, professionals such as insurance agents, real estate brokers, and other service providers who could be held liable for errors or omissions in their services are required to file errors and omissions guidelines.
To fill out errors and omissions guidelines, individuals need to provide accurate and detailed information about their professional activities, any claims made against them, and the relevant policies or procedures they follow to mitigate such risks.
The purpose of errors and omissions guidelines is to provide a systematic approach to handle and report errors and omissions, helping to ensure accountability, maintain professional standards, and protect both the service providers and clients.
Information that must be reported on errors and omissions guidelines typically includes the nature of the error or omission, details of any claims or incidents, and the steps taken to rectify or address the issue.
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