Errors and Omissions for Business Professionals

Errors and omissions insurance is business liability insurance for business professionals providing consulting and related services. An error or omission, a mistake, which causes financial harm to another, can occur on almost any transaction in any profession. This type of insurance helps to protect a professional, an individual or a company, from bearing the full cost of defense for lawsuits relating to an error or omission in providing covered Professional Services. This is a separate coverage from a standard CGL Commercial General Liability or Property insurance policy.

If you regularly give advice to your clients, handle data belonging to them or their business or are responsible for a client's intellectual property, you may need professional indemnity insurance. Despite feeling confident in the quality of your work, you're still vulnerable to a claim of negligence when professional advice or services fail to meet a client's expectations, something that could result in them suffering financial loss.

Errors and Omissions Insurance may be referred as: E&O (Insurance), Errors (&) Omissions, Professional Liability (Insurance ), Malpractice (Insurance), etc

Eligible Risks:

* Advertising Agencies
* Bookkeepers
* Collection Agents
* Claims Adjusters
* Employment Agencies
* Event Planners
* Graphic Designers
* Interior Designers
* Land Surveyors

Any risks involved in Information Technology can be referred to our specific I.T. Professionals Program.

Competitive Rates
– Min. Premium $850 for package GL and E&O

NEW for 2010
100% U.S. Receipts!

Policy Features: Errors & Omissions

* Limits options of $250,000 up to $5,000,000
* E&O insurance is intended to cover two basic risks:
* the financial loss of a third party arising from the failure of the professional product/service to perform as intended or expected,
* the financial loss of a third party that arises from an act, error or omission committed in the course of the professionals performance of services for a third party
* World-wide Coverage, subject to suits brought in Canada or the USA
* Delay in the performance of a contract (due to wrongful act)
* First dollar defense coverage (deductible does not apply to defense costs)
* Automatic 30 day Extended Reporting Period, and option to extend further at Premiers discretion
* Broad definition of insured including contract employees
* Claims-made policy. The Retroactive Date can be ‘back dated' if proof of prior insurance is provided (with no gaps in coverage) at our discretion