ERRORS & OMISSION INSURANCE

 

Errors & Omissions Insurance (also called E&O Insurance and Professional Liability Insurance) protects small businesses from lawsuits brought by dissatisfied clients. Even if the lawsuit is frivolous and the plaintiff is unlikely to win, the cost of a legal defense can top tens of thousands of dollars.

 

ERRORS AND OMISSIONS INSURANCE EXPLAINED

Errors and Omissions Insurance provides coverage when a customer or client brings a lawsuit alleging that your business's services or work caused them to suffer a financial loss. Typical examples of customer claims that E&O Insurance might cover include…

  • Failure to deliver promised services.
  • Negligence in providing professional services.
  • Poor, incorrect, or incomplete work.
  • Errors and oversights.

 

Errors and omissions coverage pays for your business's legal defense, along with any court-ordered judgments or settlements to compensate the suing party, up to the limits of your policy. Your E&O policy may also cover compensation for lost income due to time spent in court as well as specific other expenses you may incur while defending yourself.

 

 

 

 

 

 

 

 

 

(843) 689-3030

(866) 286-6264 // FAX

 

92 MAIN STREET, SUITE C

HILTON HEAD ISLAND · SC · 29926

198 OKATIE VILLAGE DRIVE, STE. 102

BLUFFTON · SC · 29909

PO BOX 23405

HILTON HEAD ISLAND · SC · 29925

MON-FRI: 9A-5P   SAT-SUN: CLOSED

 

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