Errors & omissions insurance
Find out how commercial insurance policies differ and which ones will benefit your business.
Professional liability insurance is defined as a form of insurance that can help pay for legal expenses when clients claim something you did – or didn’t do – hurt them financially.
Errors and omissions (E&O) insurance is a form of insurance that covers business mistakes or undelivered services that caused financial harm to a customer.
Errors and omissions insurance (E&O) often doesn’t cover the mistakes made by independent contractors working for your business. To protect yourself from lawsuits, you may want to require contractors to carry coverage.
A claims-made policy provides benefits only if you file a claim while it’s active. If you cancel your policy and then report a claim, you’ll have no insurance coverage.