Errors & Omissions Insurance
Errors & Omissions Insurance Information
What is errors and omissions insurance?
Errors and omissions (E&O) insurance covers businesses or individuals if they're held responsible for failing to provide a service with the expected result. In the medical realm, this coverage is called malpractice insurance, while legal, financial and engineering professionals call it professional liability insurance. Regardless of which name is used to describe it, E&O insurance covers any errors or omissions that a client perceives a professional has made while working with them.
There has been a pronounced increase in liability lawsuits against professionals in recent years, which means more professionals than ever before face a serious risk of a lawsuit. All companies can see a hit to their bottom line from these suits, which can even sink small businesses. An E&O policy protects businesses by covering legal fees and settlements in these scenarios, regardless of fault.
Who benefits from errors and omissions insurance?
Any business that performs a service for a fee has an E&O exposure. Anytime a service is performed incorrectly or behind schedule, a business is at risk for an lawsuit. Regardless of how strong a business' risk management practices are, people can still make mistakes — and those mistakes might not be covered under a general liability policy. Errors and omissions insurance can provide a security blanket for your business' finances in the event of an E&O exposure or lawsuit.
G & H Financial Insurance Services provides E&O insurance to a wide range of businesses including:
- Architects & Engineers
- Employment Agencies
- Financial Advisors
- Insurance Agents
- Land Surveyors
- Mortgage Brokers & Bankers
- Real Estate Agents
- Securities Brokers & Dealers
- Title Agents
- Patent Infringement Liability
- Printers & Publishers
Get started today
E&O policies can vary depending by industry and business specifics, so it's important to talk to an independent insurance agent to ensure your business gets the specialized coverage it needs. If you're looking to purchase an E&O insurance policy, give us a call. We are happy to assist you.
G & H Financial Insurance represents some of the best insurance companies in the country, and we can provide the best insurance at a competitive price. Please call 1 (877) 868-8063 or 281-395-5497 to learn more about the policies we provide, or just fill out and submit our online form
to receive a quote.