By investing in Errors & Omissions Insurance, you can protect yourself, your business and reputation in the event of a lawsuit. Errors & Omissions Insurance (E&O) is supplementary liability insurance the 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. In addition to claims of error, omission or negligent, it can protect against slander, libel and breach of contract.
Given the complexity of our society and the expectations of consumers, providers of a wide range of professional services are subject to these liability claims. E&O coverage kicks in when your commercial general liability policy does not provide coverage. These policies also include defense costs, which can add up quickly, even if liability is not found.
Contact us today to learn more about commercial insurance options for your business.