What exactly is E&O Coverage?
Whether you’ve heard it called Errors and Omissions insurance or Professional Liability insurance, let’s take a closer look at what it is (and why you need it).
We all learned from a young age that no one is perfect. But, while we’re usually quick to overlook our own mistakes, you’ve probably discovered that your clients aren’t as forgiving when you mess up.
Everyone is sure to have an “off day” from time to time, but businesses that perform a service or give advice can’t afford to make a mistake. Especially when those mistakes can lead to a loss for a client or colleague.
Luckily, the insurance industry recognizes a need to cover instances of errors, omissions, and negligence, which means there’s a product available to protect your business.
There are many names for it but whether you call it Professional Liability, Malpractice Insurance, or Errors and Omissions insurance, this is one business insurance policy you shouldn’t neglect.
Read more →