ERRORS & OMISSIONS
Errors & Omissions (E&O) insurance provides coverage for incidents that your general liability policy does not cover. As a licensed professional (i.e. physician, CPA, realtor, pharmacist), claims can occur as a result of an error or omission in the services that you provided. These errors and omissions can cause injury or financial damage to a client.
Errors & Omissions insurance can provide a “claims reported and made” form which can include any prior acts and delineate the extended period of time you have to report a claim.
If your business provides a professional service, regularly gives advice, or is legally required by its clients to have Errors & Omissions insurance, call and speak to one of Van Leer & Edwards insurance specialists today. Our team will make sure you have the proper amount of Errors & Omissions insurance all at an affordable price to you.
Why Does Your Business Need Errors & Omissions Insurance?
As a professional, your services are held to a higher standard. If you are a licensed professional, you could be sued for an act or omission that causes harm to your client. This is not covered by general liability insurance.
Examples of What Errors & Omissions Insurance Would Cover
WHAT IS COVERED:
- Unintentional error or omission in your work
- Copyright infringement
- Claims arising from services provided in the past
WHAT IS NOT COVERED:
- Fraudulent acts
- Body injury or property damage
- Patents & trade secrets
- False advertising
- Employment matters