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I've spent thousands since I started reporting on errors and omissions insurance. Up for renewal, and I'm thinking about dropping it. I've never had anything come back regarding a transcript's accuracy in decades. Anybody ever had to use it? Thanks!
Never, but always think about it.
I am also interested if anyone is using NCRAs health insurance offer.
But professional liability insurance isn't just about a transcript mistake. It's about missing a crucial deadline or exhibits being misplaced or damaged. There are many things that could make a reporter liable for costs other than just making a mistake in a transcript. A house fire could destroy exhibits. A car accident that damages equipment before the files have been backed up or transferred could mean a transcript can't be produced. I personally wouldn't work without it. It not only protects me, but it protects my clients against unforeseen problems.
I hate paying for it, but it's really not that much and it is tax deductible.