CHOICE Administrators(R) Offers Errors and Omissions Coverage to Health Insurance Brokers Online.Coverage Meets Broker E&O Requirements for All Leading Health Carriers ORANGE, Calif. -- CHOICE Administrators[R], the developer and administrator of California's only true Employee Choice health benefit programs for employer groups employer group Association of employers Managed care An entity with a current group benefits agreement in effect with a health plan to provide covered health care services to its employee-subscribers and eligible dependents. with 2 to 199 employees, now makes Errors & Omissions (E&O) Insurance coverage available to licensed California health insurance brokers through an agreement with CalSurance -- allowing brokers to quote, purchase and bind coverage online instantly. The coverage meets brokers' E&O requirements for all leading health carriers and is available with reduced retention for CHOICE Administrators[R] programs including CaliforniaChoice, CaliforniaChoice 51+ and Kaiser Permanente Kaiser Permanente is an integrated managed care organization, based in Oakland, California, founded in 1945 by industrialist Henry J. Kaiser and physician Sidney R. Garfield. Choice Solution. E&O Insurance provides protection against claims arising out of acts, errors or omissions of the insurance agent or any other covered person covered person, n an individual who is eligible for benefits under a dental benefits program. covered person Health insurance An insured person who is eligible for medical benefits or other services covered by a health policy for whom the insured agent is legally liable. It covers financial losses and expenses generated by client claims of error, omission omission n. 1) failure to perform an act agreed to, where there is a duty to an individual or the public to act (including omitting to take care) or is required by law. Such an omission may give rise to a lawsuit in the same way as a negligent or improper act. , or negligence. It also can protect against slander slander: see libel and slander. Slander See also Gossip. Slaughter (See MASSACRE.) Basile calumniating, niggardly bigot. [Fr. Lit. , libel libel 1) n. to publish in print (including pictures), writing or broadcast through radio, television or film, an untruth about another which will do harm to that person or his/her reputation, by tending to bring the target into ridicule, hatred, scorn or contempt of and breach of contract. The retention for CHOICE Administrators[R] programs is reduced to $500, while the retention for all other products is $2,500. Limits of liability of $1,000,000 for each claim per agent; $1,000,000 aggregate per agent; and $10,000,000 policy aggregate, satisfy all leading California health plan requirements for coverage. To obtain coverage, brokers can simply visit the CaliforniaChoice, CaliforniaChoice 51+ or Kaiser Permanente Choice Solution websites, www.calchoice.com, www.calchoiceplus.com or www.kpchoicesolution.com, log onto the broker's home page, and click on the link "E&O Coverage for Brokers." "CHOICE Administrators[R] is making E&O coverage easily accessible and more affordable to provide additional services for our brokers regardless of which products they offer," said Ron Goldstein, president of CHOICE Administrators[R], "because in today's litigious litigious adj. referring to a person who constantly brings or prolongs legal actions, particularly when the legal maneuvers are unnecessary or unfounded. Such persons often enjoy legal battles, controversy, the courtroom, the spotlight, use the courts to punish society, this coverage has become increasingly important and is required by most carriers. Not only does it protect a broker's business from catastrophic loss in the event of a frivolous Of minimal importance; legally worthless. A frivolous suit is one without any legal merit. In some cases, such an action might be brought in bad faith for the purpose of harrassing the defendant. client lawsuit, but it gives their clients the additional assurance that the broker is licensed and legitimate." Goldstein noted that E&O coverage is recommended for anyone who is in the business of giving advice, making educated recommendations, designing solutions and/or representing the needs of others. About CHOICE Administrators[R] CHOICE Administrators[R], based in Orange, California The City of Orange is located in Orange County, California, United States. It is approximately 3 miles (6 kilometers) north of the county seat, Santa Ana, and approximately 32 miles (52 kilometers) southeast of Los Angeles. , is the nation's leader in developing and administrating Employee Choice health benefit programs for employer groups of all sizes. Serving more than 200,000 members through more than 12,000 employers, CHOICE Administrators[R] enables employers to control their healthcare budgets through defined contribution, consumer directed benefit plan designs and single source administration. CHOICE Administrator[R] programs include CaliforniaChoice, CaliforniaChoice 51+ and Kaiser Permanente Choice Solution, its successful consumer-driven health care programs for small and mid-size groups, and Contractor's Choice[R], a unique program for employers on public works public works pl.n. Construction projects, such as highways or dams, financed by public funds and constructed by a government for the benefit or use of the general public. Noun 1. projects. CaliforniaChoice and CaliforniaChoice 51+ offer employees of small (2-50 employees) and mid-size groups (51-199 employees), respectively, a broad selection of health plans, benefit designs and ancillary products, all with one simplified monthly statement, single-source administration and defined contribution. Kaiser Permanente Choice Solution is a unique program for employers with 2 to 50 employees that offers nine of the most flexible Kaiser Permanente benefit plans along with Dental, Life and Section 125 - all in one program with one consolidated monthly bill. Contractor's Choice[R] provides annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. hour bank accounting for employers on public works projects so they can maintain benefits during industry slowdowns and allow qualified, hourly employees to accumulate Accumulate Broker/analyst recommendation that could mean slightly different things depending on the broker/analyst. In general, it means to increase the number of shares of a particular security over the near term, but not to liquidate other parts of the portfolio to buy a security hours (dollars) for healthcare benefits on a pre-tax basis. CHOICE Administrators[R] is one of The Word & Brown Companies. For more information, visit www.choiceadmin.com. About CalSurance Brown & Brown of CA, Inc dba CalSurance, based in Orange, California, has been an E&O insurance specialist for more than 30 years and currently services more than 125,000 agents and financial professionals nationwide. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion