Professional Liability / E&O Insurnace
Mistakes Can Happen
No matter how experienced or professional a person is, mistakes happen. Professional liability insurance or Errors & Omissions (E&O) insurance protects the business owner, employees and the business from claims of negligence related to a professional service.
E&O insurance can also be required by your clients when entering into a contract.
Call our commercial lines specialist at 516-922-6500 to discuss this critical coverage and be sure you are protecting everything you worked so hard for.
Can You Be Sued?
Yes, you can be sued EVEN IF you didn't do anything wrong.
The simplest clerical error or proofreading mistake (even made by a trainee) can cost you, if it results in financial loss or damage to the reputation of one of your customers.
That’s why it’s important to understand the extent of your business liability insurance—it only protects your operation against bodily injury, property damage or advertising injury.
But what happens when you, one of your employees, or a vendor fails to catch something that your customer doesn’t miss, and they hold you responsible?
They can not only refuse to pay, they may also sue you for damages.
But with an errors and omissions (E&O) insurance policy, you’ll enjoy specialized liability protection against losses not covered by traditional business insurance.
Who Needs E&O Insurance?
If your business provides a service or advice to clients for a fee, you should have E&O Insurance.
If the service you provide can be incorrect or late, costing your client money or damaging their reputation, you should have E&O Insurance.
What does E&O cover?
Errors and omissions protects you from claims in the event a customer or client sues your service business for negligent acts, errors or omissions occurring during business activities, and which potentially result in a financial loss for the client.
Errors and omissions insurance policies usually cover the business owner, both salaried and hourly employees, and subcontractors working on behalf of the business.
Errors and omissions insurance can be customized to meet your specific needs, no matter what your business or industry. Real estate agents face different risks than printing companies, but both have potential to impact their customers lives and livelihoods if a mistake occurs.
Benefits of a specialized E&O policy may also include:
Monthly payment options to help spread out your payments so you can better manage your cash flow
Coverage of temporary staff, full-time employees, and independent contractors
Past work covering unforeseen claims arising from work completed before you were even insured, to a pre-agreed date
Worldwide coverage as long as the claim is filed in the U.S., one of its territories or Canada
Claims responsiveness when time is of the essence, especially in the event of an insurance claim
Tailored coverage for the specific risks of your field and industry
Knowledgeable agents who provide exceptional, passionate service
Coverage for contracts satisfying most standard contract insurance requirements
Fast and simple online quotes, or helpful agents, immediate coverage
Why We're Different
You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for…
While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.
There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.
We’re your neighbors. We protect businesses and people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the insurance companies we represent to be both affordable and responsive.
Contact us and let the professionals at our company help you forge the strongest shield possible to help you protect the things you are working hard to build.