YOUR E&O POLICY
Errors & Omissions Insurance
E&O insurance protects you and your business from claims if a client sues for negligent acts, errors or omissions committed during business activities that result in a financial loss.
You need errors and omissions insurance if you’re in the business of providing a service to clients for a fee.
Errors and omissions insurance policies vary from company to company, and are written to reflect inherent risks and common exposures particular to different types of businesses.
Even if claims are found to be unwarranted, legal fees and other related expenses can quickly eat up a company’s cash reserves in no time, causing a financial hardship. Most errors and omissions insurance policies cover judgments, attorney fees, court costs and settlements up to the limits of the policy.