What is errors and omissions insurance (E&O), and why do you need it?
When it comes to your small business, its success stems from your expertise, fulfilled contracts and happy clients. But what if a client is unsatisfied with the outcome you delivered? This is where a policy like errors and omissions can help.
So, what is errors and omissions insurance? Also known as professional liability insurance, E&O helps protect your business from lawsuits filed by unsatisfied clients.
This coverage applies to work mistakes and oversights, undelivered services, missed deadlines, and accusations of negligence.
Based on several factors including risk, business size, and claims history, the cost of E&O coverage can vary from business to business.
Get free errors and omissions insurance quotes from Insureon today. Click the link to get started.
Errors and omissions insurance, also called professional liability insurance, helps pay for legal costs when a dissatisfied customer sues your business. It can cover attorney's fees, settlements, and court-ordered judgments.
E&O coverage is especially important for consultants and companies that offer professional services, and any other business where a mistake or oversight could cost a client money. It's a requirement for certain professionals, depending on the laws in your state and the clients you work with.
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Complete Insureon’s easy online application today to compare insurance quotes from leading insurance companies. You can also consult with an insurance agent on your business insurance needs. Once you find the right policy for your small business, you can begin coverage in less than 24 hours.
