Our benefits
We offer a professional safety net tailored to the specific risks of your industry:
Errors & Omissions (E&O)
Errors & Omissions (E&O)
In the service industry, your expertise is your product. However, even the most diligent professionals can make mistakes, overlook a detail, or provide advice that doesn’t yield the expected results. Errors & Omissions (E&O) Insurance (often called Professional Indemnity) protects you and your business from claims of negligence or failing to perform your professional duties. It ensures that a simple human error doesn’t turn into a financial catastrophe for your firm.
Protect your professional reputation and your bank account from the cost of being human.
When a client suffers a financial loss because of your work, they may hold you legally responsible. Whether it’s a clerical error, a missed deadline, or a technical miscalculation, the legal fees to defend yourself can be staggering, even if you did nothing wrong. Our E&O insurance covers these legal costs and any resulting settlements, allowing you to provide your services with the confidence that your business is secure against claims of professional malpractice.
How does E&O differ from General Liability?
General Liability covers physical risks (like someone slipping in your office). E&O covers financial risks caused by the quality of your work or advice.
What is 'Claims-Made' coverage?
Most E&O policies are "claims-made," meaning the policy must be active both when the error occurred and when the claim is filed. This is why maintaining continuous coverage is so important.
Does it cover intentional wrongdoing?
No. E&O insurance is designed to cover honest mistakes and oversight. It does not cover fraudulent, criminal, or intentionally malicious acts.