Protect Your Business from
Costly Liabilities

Professional Liability Insurance

Lawsuits are a very real part of today’s business environment and are virtually unavoidable for organizations of any size and structure. You can protect yourself, your business and reputation by investing in professional liability coverage, known as errors and omissions insurance.

Errors and omissions insurance, or E&O, is supplementary liability insurance that enhances any business owner’s policy by safeguarding against catastrophic loss in the event of a lawsuit due to a negligent act, error or omission by the professional. E&O insurance can also protect against slander, libel and breach of contract.

E&O coverage kicks in where your Commercial General Liability policy does not provide coverage, such as for service errors, contract performance disputes or any other professional liability issues. These policies also include defense costs, which can be quite substantial even if liability is not found. Policies typically do not provide coverage for non-financial losses or for intentional or dishonest acts.

Errors & Omissions Insurance: Who Needs Coverage?

This broad category of insurance encompasses a range of professional exposures across many industries. Errors and omissions coverage is recommended for anyone who gives advice, makes educated recommendations, designs solutions, or represents the needs of others. Service professionals, such as accountants, computer consultants, software developers, planners, architects, real estate agents and contractors are prime candidates for carrying E&O insurance.

There are many different forms of professional liability insurance and multiple factors to consider when purchasing E&O coverage for your business. Because there isn’t a standard policy, an experienced agent who understands your company and can knowledgeably design a policy to meet your needs is invaluable. Our team can help identify liabilities, put protections in place and provide guidance on reducing future exposures.

Call us today at (800) 607-4711 to learn how E&O insurance fits into your total risk management program.