Errors and Omissions Insurance

It is not about your professionalism, training, or years of experience. It is about human nature. Mistakes happen to the best of us, no matter how experienced.

The simplest clerical error or proofreading mistake (even one made by a trainee) can cost you, especially if it results in financial loss or damage to the reputation of one of your customers.

That is why it is important to understand the extent of your business liability insurance since it only protects your operation against bodily injury, property damage, and advertising injury.

But what happens when you, one of your employees, or a vendor fails to catch something that your customer does not miss, and they hold you responsible?

They can not only refuse to pay, they may also sue you for damages.

With an errors and omissions (E&O) insurance policy, you will enjoy specialized professional liability protection against losses not covered by traditional business insurance.

• Doctors
• Lawyers
• Accountants
• Architects
• Engineers
• Wedding Planners
• Printers
• Building-Trades Contractors
• Designers
• Advertising agencies

If you provide a service that is done incorrectly or late and costs your client money or harms their reputation, you need to investigate E&O.

Errors and omissions protects you from claims in the event a client sues your business for negligent acts or errors & omissions occurring during business activities, which could potentially result in a financial loss for the client.

Errors and omissions insurance policies usually cover the business owner, both salaried and hourly employees, and subcontractors working on behalf of the business.

Errors and omissions insurance can be customized to meet your specific needs, no matter what your business or industry. Real estate agents face different risks than printing companies, but both have potential to impact their customers' lives and livelihoods if a mistake occurs.

Benefits of a specialized E&O policy may also include:

• Monthly payment options to help spread out your payments, so you can better manage your cash flow
• Coverage of temporary staff, full-time employees, and independent contractors
• Past work covering unforeseen claims arising from work completed before you were even insured to a pre-agreed date
• Worldwide coverage as long as the claim is filed in the U.S., one of its territories, or Canada
• Claims responsiveness when time is of the essence, especially in the event of an insurance claim
• Tailored coverage for the specific risks of your field and industry
• Knowledgeable agents who provide exceptional, passionate service
• Coverage for contracts satisfying most standard contract insurance requirements
  

While most insurance products are similar in price and function, insurance providers vary when it comes to structuring a policy tailored to you.

After all, there is no such thing as a one-size-fits-all insurance policy when it comes to your business.

Contact us today, and we will help you protect what matters most.