Even for the most careful insurance agent, there is always the risk of facing a negligence claim made by a client. Although some of the lawsuits may be frivolous or unfounded, the agent is still required to bear the full…
Simply put, Errors and Omissions (E&O) insurance is a policy that protects you when a client suffers financial loss or damage to their reputation because of something you did – or failed to do. That could mean you delivered the…
Errors and Omissions insurance, also referred to as professional liability insurance, is crucial to businesses that offer professional services, particularly technology firms. Oftentimes, in the process of handling clients’ needs, IT professionals may make errors that may cost the business…
The insurance industry is constantly changing. Companies enter and exit markets, rates and forms change on a daily, weekly, monthly and annual basis. The reason for this constant change is that the world changes each day which results in a…
Does your business need errors and omissions insurance? To answer this question, you must first understand what E&O insurance is. Basically, it is a professional liability insurance meant to protect businesses from claims made by customers for negligent actions and…
In these days of reduced commissions and increased costs, cheaper is not always better. Here at Insurance By Design our motto is “The Right Coverage at the Best Price”. When working with customers, the first thing we do is the…
By Louis H. Kozloff and Kenneth S. Merber of Nelson Levine de Luca & HamiltonSuperstorm Sandy’s impact on the insurance industry has been and will be profound. Predictably, the most direct impact will be claims for property damage and business…
Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and omissions coverage where they can pose challenges…
Most businesses carry general liability insurance. However, healthcare professionals along with professionals (e.g., architects, attorneys, accountants, etc.) need an additional layer of insurance, known as Errors and Omissions Insurance. How E&O Insurance Protects You In the event that a patient…
What is E&O insurance? Errors and omssions (E&O) is the insurance that covers your company, or you individually, in the event that a client holds you responsible for a service you provided, or failed to provide, that did not have…
