Errors and Omissions Insurance
Errors and omissions insurance (E&O) protects professionals and businesses against claims of negligence, mistakes, or inadequate work. This coverage is essential for consultants, contractors, and service providers who face risks tied to professional advice or services.
For a full overview of coverage options, visit our E&O Insurance Coverage page.
E&O Insurance
E&O insurance provides liability protection when clients claim financial loss due to errors.
Covers defense costs, settlements, and judgments.
Helps build trust with clients by showing you’re insured against professional risks.
Professional Liability Insurance
Professional liability insurance is often used interchangeably with E&O.
Protects against claims of negligence, misrepresentation, or inaccurate advice.
Common among lawyers, accountants, consultants, and healthcare providers.
E&O Liability Coverage
E&O liability coverage extends protection across industries.
Miscommunication with clients.
Failure to deliver promised services.
Errors in documentation or reporting.
Errors Omissions Policy
An errors omissions policy outlines the scope of protection.
Defines coverage limits, exclusions, and responsibilities.
Should be tailored to your industry and client expectations.
E&O Insurance Policy
An E&O insurance policy is the contract between insurer and insured.
Details what is covered and what is excluded.
Needs regular review to ensure alignment with evolving risks.
Errors Omissions Coverage
Errors omissions coverage applies to claims of professional mistakes.
Protects against lawsuits that could otherwise devastate small businesses.
Ensures continuity by covering legal defense and settlements.
E&O Insurance for Consultants
E&O insurance for consultants is critical for advisory roles.
Covers risks from recommendations, reports, or project guidance.
Helps consultants maintain credibility and client confidence.
Errors Omissions for Contractors
Errors omissions for contractors protects against claims tied to construction or project work.
Covers design flaws, project delays, or miscalculations.
Essential for builders, engineers, and subcontractors.
E&O Insurance Cost
E&O insurance cost depends on several factors:
Industry and level of risk.
Company size and revenue.
Coverage limits and deductibles.
Key Takeaways
Errors and omissions insurance protects professionals from claims of negligence or mistakes.
Coverage applies to consultants, contractors, and service providers.
Policies should be customized and reviewed regularly to match industry risks.