What Errors and Omission (E&O) / Professional Liability Insurance Covers
Errors & Omissions (E&O) / Professional Liability is a type of liability insurance which protects professionals, business owners and their workers against claims the company for a service provided, failed to provide or the service results were not as expected by the client.
The coverage in its simplest terms helps to cover the insured for the financial loss, legal fees and defense costs related to a lawsuit. Examples of coverages:
Optional coverage may include:
Why You Should Have E&O / Professional Liability Insurance
E&O insurance protects businesses from being sued for many different reasons. Any professional should have this type of insurance. This includes but are not limited to the following individuals/businesses:
