Errors and omissions insurance, also known as E&O insurance, is a type of professional liability insurance. It protects businesses from financial damages due to errors or negligence.
E&O insurance can be vital for any business that provides advice or services to clients. If you make a mistake or are accused of negligence, E&O insurance can help cover the cost of legal fees and settlements.
E&O insurance is not required by law, but it can be a wise investment for any business that provides advice or services to clients. If you are sued or held liable for damages, E&O insurance can help protect your business from financial ruin.
When shopping for E&O insurance, be sure to compare policies from different insurers. The coverage and cost of E&O insurance can vary widely, so it’s important to find a policy that meets your needs.
E&O insurance is just one type of insurance that can help protect your business. You may also need general liability insurance, product liability insurance, or other types of coverage depending on the nature of your business.
If you have any questions about E&O insurance or need help finding the right policy for your business, contact an insurance agent or broker today.