Errors & Omissions Insurance
Errors & Omissions Insurance Information
Errors and Omissions liability insurance, abbreviated as E&O, provides coverage for businesses or individuals for when they are held responsible for a service provided, or failure to provide a service, that did not have the expected results. For doctors and dentists, it is called malpractice insurance. For professionals like lawyers, accountants or engineers, it may be called professional liability insurance.
Regardless of its name, E&O insurance covers any errors or omissions that either you have made or that the client perceives you have made.
If your business provides a service for a fee, you have an E&O exposure. Even with quality employees and risk management practices in place, people still make mistakes. E&O insurance will protect your business and its finances if such an event arises.
Need Errors and Omissions Liability insurance for your business? Request a quick business insurance quote today to get started.