Errors And Omissions Insurance

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SOMETIMES GENERAL LIABILITY ISN'T ENOUGH

While your general liability policy will cover you if any one gets hurt, or there is property damage or an injury, sometimes that isn't enough.

For example:

  • When a printer makes a typographic error on your new books cover who pays for that?
  • If a plumber makes a repair and a pipe leak results in flooding your business... who pays for that?
  • If a roofer puts a new roof on and it leaks ruining your furniture... who pays for that

This is where errors and omissions insurance kicks in.

What exactly is E&O insurance?

Simply put, errors and omissions insurance is a special liability policy that protects you from losses not covered by a standard liability insurance plan. E&O insurance is designed to protect you and your business from claims if a client sues for: mistakes, negligent acts, errors, and/or omissions that result in a financial loss for the customer.

But how do I know if my business needs E&O insurance?
Here are a few questions to ask yourself:
  • Does my business provide a service to clients?
  • Does my business offer advice to clients?
  • Does my business have employees?
  • Does my business use subcontractors?

Here are a few of the trades we provide Errors & Omissions Insurance coverage for:

  • commercial printers
  • building-trades contractors
  • electricians
  • plumbers
  • HVAC repair & installers
  • sheet metal workers
  • doctors
  • lawyers
  • accountants
  • architects
  • engineers
  • advertising agencies
  • web hosting companies
  • wedding planners

The important thing is to take action now.


No one plans on being sued

A court summons arrives in the mail when you least expect it. Once you receive a summons you can't go back in time and set up an E&O policy then! Even if a law suit claim is out in left field, and totally unwarranted, the time, stress and legal fees can add up quickly.


The good news is that most errors and omissions insurance policies cover:
  • judgments
  • attorney fees
  • court costs
  • settlements up to the limits of the policy