Errors And Omission Insurance

Liability protection for advice and services.

Errors and omission insurance. Errors and omissions and professional liability insurance offer identical coverage. Errors and omissions insurance. How much does errors and omissions insurance cost. Errors omissions e o insurance is professional liability insurance that protects businesses and individuals against claims made for inadequate work or negligent actions.

While the two policies are the same different industries use different terms to refer to the same coverage. Protect your business from lawsuit costs and apply online for a free e o insurance cost quote from the hartford to help protect your small business today. Errors and omissions insurance e o is a type of professional liability insurance that protects companies and their workers or individuals against claims. Even if claims are found to be unwarranted legal fees and other related expenses can quickly eat up a company s cash reserves in no time causing a financial hardship.

Insurance agents real estate agents tax preparers and it professionals use the term errors and omissions insurance. When you click on start quote and professional liability insurance policy online you will be taken to the hiscox website which is not owned or controlled by geico. Errors and omissions insurance e o. Professional liability insurance pli also called professional indemnity insurance pii but more commonly known as errors omissions e o in the us is a form of liability insurance which helps protect professional advice and service providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client and damages awarded in such a civil.

General liability covering claims of bodily injury or property damage is most likely to be used if your customers come and shop inside your store. Protect your business from costly mistakes. Geico insurance agency inc. As a professional operating in today s increasingly litigious environment you could easily be subject to allegations by unhappy clients who may feel they ve been harmed by your actions or inactions.

Errors and omissions insurance e o often referred to as professional liability insurance protects your business in the event you re found legally liable for faulty advice or negligence related to a professional service. Errors and omissions insurance policies vary from company to company and are written to reflect inherent risks and common exposures particular to different types of businesses. Errors and omissions insurance also known as e o insurance and professional liability insurance helps protect you from lawsuits claiming you made a mistake in your professional services this insurance can help cover your court costs or settlements which can be very costly for your business to pay on its own.