Errors & omissions insurance
Because state laws regulate the investigation and handling of data breaches, it's important to know the notification requirements for your business location. Learn more about the laws for data breach notification in your state.
When your business is accused of negligence, it's vital to act promptly and communicate effectively to reduce the likelihood of complications.
If a dissatisfied client sues your business over a work mistake, errors and omissions (E&O) insurance can cover your legal expenses, including the cost of a settlement or judgment.
Errors and omissions insurance covers the costs of legal disputes over professional mistakes. However, not every business needs it. Review answers to common questions about E&O policies.
Most businesses will experience a disagreement with a client or business partner over a perceived work mistake at some point, which could lead to an errors and omissions lawsuit.
Federal and state laws mandate errors and omissions insurance for certain professions. Small businesses may also need it to fulfill the requirements of a client contract or a licensing body.
Learn about what information you'll need and consider coverage options before you apply for E&O insurance. Compare quotes online from top-rated carriers for free with Insureon.
A certificate of insurance is a document that verifies you have errors and omissions coverage. It's not uncommon for clients or new business partners to ask for a copy of your certificate.
Your small business can save money on errors and omissions insurance by avoiding claims and choosing a higher deductible, among other methods. Learn how you can pay less on E&O and still get the protection you need.
Errors and omissions insurance (E&O), also known as professional liability insurance, protects your small business from the financial risks of professional mistakes. Several factors will impact your errors and omissions insurance cost, including your industry and type of business.
Errors and omissions insurance (E&O) helps cover the cost of a lawsuit if a client claims your work was inaccurate, late, or never delivered. It’s sometimes called professional liability insurance.
Businesses in Ohio that experience a security breach of stored personal information must notify affected individuals within 45 days of its discovery.