Managed Care Organizations (MCO's), Independent Physicians Associations (IPA's), Medical Groups and Clinics can all benefit from this coverage for their direct handling as well as their indirect exposure in the management of the practice. Claims can be brought arising out of failure to properly screen provider credentials, perform utilization reviews, monitor provider competence and conduct peer reviews. This coverage protects the insured for alleged errors and omissions in their performance of specifically described duties, whether or not the allegations are groundless or false. Provides for payment of defense and indemnity costs that are incurred by the insured for claims of damage incurred by third parties arising out of such allegations.