Errors & omissions insurance
Before purchasing errors and omissions insurance (E&O), consider factors such as premium pricing, insurance company ratings, and policy limits.
If your business provides professional advice or services, you should look into errors and omissions insurance (E&O), also called professional liability insurance. This policy can help defer the costs of lawsuits, even if you’ve done nothing wrong, and costs about $60 per month.
Professional liability insurance provides financial protection against legal disputes over professional mistakes. Learn more about coverage, costs, and other considerations.
Also known as errors and omissions insurance, professional liability insurance protects your company from client lawsuits over missed deadlines, mistakes, or negligence – regardless of whether you’re at fault.
Professional liability insurance covers legal costs due to professional mistakes. Any business that provides professional services is strongly encouraged to get this coverage. Your industry and the scope of your services affect the cost of this policy.
IT businesses accused of making professional mistakes or failing to complete work can be sued in an errors and omissions lawsuit. Disclaimers and insurance coverage can help reduce your risks.
Errors and omissions insurance covers lawsuits over work mistakes. Depending on the industry, this policy is also called professional liability or malpractice insurance.
Professional indemnity insurance provides coverage when a client sues you over errors, oversights, or alleges negligence in your work even if you did nothing wrong.
Clients might ask to see your errors and omissions insurance certificate, a document that serves as proof of insurance. You can access this certificate as soon as you buy an E&O policy, also called professional liability insurance.
Commercial insurance protects businesses, freelancers, and independent contractors against liability lawsuits, property damage, cyberattacks, and other risks that could devastate your company.
When an unsatisfied client sues over an error or negligence made by your business, professional liability insurance covers the financial expenses of a legal defense, including the cost of hiring a lawyer.
Errors and omissions insurance covers the cost of legal disputes over professional mistakes made by your business. Get your questions about coverage, costs, and more answered here.
Errors and omissions insurance covers the cost of legal expenses when a client sues over the quality of a professional's work. It can help pay attorney’s fees, judgments, settlements, and other costs.
Every liability insurance policy is different. Who is covered by your liability insurance depends on a few factors, including the type of insurance and any modifications made to the policy.