Errors and Omissions Insurance

Errors and Omissions Insurance (also known as Professional Liability Insurance) helps protect businesses from financial losses due to errors or omissions in the performance of professional services. This type of insurance covers legal expenses resulting from allegations of negligence, mistakes, wrongful acts, and failure to perform contracted services. It is important for professionals such as attorneys and accountants who are held to a high standard when providing services that their clients rely on.

 

Details on Errors and Omissions Insurance

In addition to covering legal costs associated with defending lawsuits or settlements, Errors and Omissions Insurance may also cover court costs, damages awarded by the court or settlement agreement, medical payments related to alleged malpractice, payments made under consent judgments, bail bonds needed while under investigation. The policy limits vary depending on the type of business being insured.

Errors and Omissions Insurance is especially important for businesses that provide advice or services to other companies because those companies may be held liable for any mistakes or negligence that occur during the course of providing their services. It’s also crucial for companies with employees who are not covered by traditional liability insurance policies, such as independent contractors. By purchasing Errors and Omissions Insurance, these businesses can protect themselves from financial losses due to errors or omissions in the performance of professional services.

At its core, Errors and Omissions Insurance provides assurance to both the service provider and their clients that if a mistake is made during the course of providing professional services, there is coverage in place to help offset some of the related costs. It is a vital type of insurance coverage for any business that provides services to other businesses or individual customers.

Get Assistance with Errors and Omissions Insurance

If you’re considering purchasing Errors and Omissions Insurance, our trained staff can help you determine the ideal amount of coverage for your enterprise. In addition, we work with a large number of carriers, so we can find a low price on the coverage you need. To learn more, or to schedule a free consult, call our offices or click on the quote button and fill out a quick form.

 

3225 Shallowford Rd. Ste 930
Marietta, GA 30062

525 Clubhouse Dr. Ste 280
Peachtree City, GA 30269

267 Cleveland
St. Blairsville, GA 30512

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