What Does Errors and Omission (E&O) / Professional Liability Insurance Cover?
Errors & Omissions (E&O) / Professional Liability is a type of liability insurance that 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.
In its simplest terms, the coverage 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 is not limited to the following individuals/businesses:
