ERRORS AND OMISSIONS INSURANCE
What is Errors and Omissions insurance?
Errors and Omissions insurance (E&O), also known as professional liability insurance, provides a safety net for your company by mitigating the risks associated with any negligence on behalf of your company.
What does commercial Errors and Omissions insurance protect against?
E&O policies offer financial protection against claims resulting from mistakes, omissions, or professional negligence in the services you provide. It also provides financial protection against any legal fees incurred as a result of the incident.
Why is Errors and Omissions insurance important?
An E&O policy helps maintain your company's financial stability, reputation, and client relationships in the ever-changing landscape of technology.
For specific application to your company, click below.
Frequently Asked Questions: Errors and Omissions
Please contact us at payson@techinsurancegroup.com if you cannot find an answer to your question.
Errors and omissions are any mistakes or oversights made by your company. Some examples include, failure to meet client requirements, failure to meet a deadline, and errors and oversight in your product or service.
The amount of coverage you need will depend on your specific business needs. Our agents can help you determine the appropriate amount of coverage.
Your average errors and omissions policy will not cover claims relating to employment matters, fraudulent acts, bodily injury or property damage, false advertising, and personal identifiable information. Many of these perils are covered in the other policies that we offer.
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