Errors and Omissions coverage limits the exposure of business professionals when their clients claim they haven’t performed to expectations.
This coverage hedges the potential financial loss resulting from claims of negligence, poor performance, errors in judgment, and any omissions. A solid Errors and Omissions policy can prevent such mistakes from bankrupting your client’s otherwise healthy organization.
What types of businesses need E&O?
A wide variety of businesses are subject to liability claims of negligence or inadequate work. As services become more and more specialized, your professional and consulting clients must ensure they are shielded from financial loss due to this type of claim. Who needs to consider E&O include, but is not limited to:
Accountants/Bookkeepers
Architects & Engineers
Claims Adjusters
Construction/Project Managers
Consultants
Health/Beauty/Fitness Consultants
Home Inspectors
Insurance Agents
Lawyers
Mortgage Brokers
Real Estate Agents
Real Estate Appraisers
Technology Companies
Errors & Omissions Coverage is designed to protect your clients from unexpected litigation costs stemming from their business activities.