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Errors and Omissions insurance, commonly called E&O insurance, protects professionals from liabilities resulting from their negligent actions. Unlike a company that makes a tangible product that could physically injure a customer, professional negligence is more subtle. Some examples might include:…
Professional engineers are expected to provide mistake-free work to their clients. However, at times, errors occur when least expected and may cause serious damage to property or severe injuries. When this happens, the engineer who’s responsible for the project stands…
Errors and omissions (E&O) insurance is an insurance policy that provides personalized and/or collective coverage for individuals and their companies when they are sued for negligence, errors, omissions, or failure to provide services to meet the requirements or expectations of…
Errors and omissions insurance is insurance coverage that protects professionals in different industries from risk and litigation associated with negligence or a failure to produce the appropriate results. This could be the result of negligence, medical mistakes, or any type…
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…
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…
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…