Errors & Omissions / Professional Liability Insurance
E&O liability insurance, also known as professional liability insurance, protects insureds from losses resulting from allegations of errors, omissions or oversights in the performance of professional services.
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Architects
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Construction Managers
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Engineers
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Employment Agencies
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Lawyers
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Insurance Agents
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Accountants
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Interior Designers
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Veterinarians
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Land Surveyors
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Business Consultants
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Technology Service Providers
While not all professionals are required by law to carry E&O insurance, in a claim-conscious society fueled by media publicity, E&O insurance has become a valuable source of protection. Some examples of E&O claims against a professional are:
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Breach of Duty
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Malpractice, Negligence
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Conflict of Interest
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Nondisclosure
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Execution Error
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Improper Documentation
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Failure to Provide a Service
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Misrepresentation of Facts
Even nuisance claims often times require vigorous defense which can be costly. A comprehensive E&O liability insurance policy will cover legal defense expenses while providing a layer of protection for your business assets.
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