A stack of manila folders.
Commercial Insurance
Liability

Errors And Omissions Insurance

Protect Your Business And Your Reputation

Once a last resort, lawsuits have become commonplace in settling disputes. The good news? Protecting your professional business operations and your reputation isn’t complicated with the proper coverage known as E&O (Errors & Omissions) insurance.

What Does E&O Insurance Cover?

For those who offer specialized services where your clients rely on your expertise, E&O insurance provides coverage for errors in your judgment or work or if you fail to provide the necessary services your client needs.  The problem most do not realize is that a General Liability policy excludes these types of services from coverage.  From contractors to technology, to business consultants, the list of companies that need E&O insurance is very broad. 

For example, if a disgruntled customer sues your business over a work mistake or error, E&O insurance covers the cost of your legal expenses, including the cost of a settlement or judgment. Errors & omissions insurance can cover the following: 

  • Work mistakes and oversights
  • Undelivered services
  • Accusations of negligence or breach of contract
  • Missed deadlines

Who Needs E&O Coverage?

As a business owner, you’re constantly on the move trying to provide a service for a lot of people. With the possibility of facing a lawsuit at any time, E&O insurance is important as it helps protect you from having to pay out-of-pocket for your legal fees.

E&O insurance claims are popular in, though not limited to, the following industries:

  • Accounting firms
  • Graphic designers
  • Advertising agencies
  • Marketing consultants

E&O Policy Overview

E&O insurance coverage picks up where your commercial general liability insurance policy leaves off. As the latter does not provide coverage for service or design errors, contract performance disputes, or other consultative issues, E&O insurance provides coverage for fees like defense costs, which can be quite substantial even when liability is not found.

Count On The Experts

There are many different forms of professional liability insurance and multiple factors to consider when purchasing E&O coverage for your business. 

At Robertson Insurance & Risk Management, we get to know your company so we can design a policy to meet your needs. Contact our experts to learn how E&O insurance fits into your total risk management program and begin protecting your reputation today.