Errors & Omissions Insurance protect your business from the potentially catastrophic costs arising from legal action involving charges of professional negligence or failure to perform your professional duties.
Whether a claim is justified or not, defending a legal action can have financially debilitating effects on your business. Errors & Omissions Insurance provides coverage for legal action arising from professional advice or consulting services you have provided to your clients. This coverage protects your company and its future by responding to these claims.
A general liability policy for a business will not typically extend to provide such coverage as it tends to be limited to property damage or bodily injury caused to others – not financial loss resulting from professional negligence or advice given.
Some areas to discuss with your broker when considering your coverage needs:
- Extent of advice or consultation provided to your clients.
- Number of staff providing this advice or consultation.
- Size of your company.
With your insurance policy, you will also receive our industry leading Best Service Guarantee, which includes competitive prices, coverage review, a guarantee of fairness and local, professional staff who care. We make it our mission to earn the privilege of handling your insurance needs.