Professional Liability Insurance (EO insurance) protects your company from claims if your client holds you responsible for errors, or the failure of your work to perform as promised in your contract.
Coverage includes legal defense costs - no matter how baseless the allegations. Professional Liability insurance will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy.
Professional
Liability Insurance coverage extends to both W2 employees
and 1099 subcontractors, and can be worldwide in scope.
We generally recommend Professional Liability Insurance (errors & omissions)
be at the foundation of every company’s insurance portfolio. Usually
it is wise to purchase the coverage prior to product launch, or when you have
customers.
Your professional liability insurance gives you liability
coverage:
Don’t Be Fooled. Professional Liability Insurance - Errors & Omissions
- coverage is not provided by a Commercial General Liability policy. Commercial
General Liability does NOT provide coverage for errors, contract performance
disputes or any other Professional Liability issues. Companies
who have General
Liability without Professional Liability
Insurance - Errors and Omissions
- coverage are taking a
serious risk. It’s like a doctor practicing
medicine without
Malpractice Insurance.
Mistakes Happen. Every company messes up at some point.
You Can’t Be
Everywhere. Sometimes you can’t personally
handle every job. Professional
Liability (Errors and Omissions)
coverage insures not only your mistakes,
but also the mistakes
of the employees and Independent Contractors you hire.
Most Importantly: Professional Liability insurance might save
you from extreme
embarrassment, a lost client, or worst of all,
a bad reputation.
Whether you are seeking a free comparative no-obligation
quotation or an in depth assessment of a report on your
insurance needs,
complete the inquiry form, speak to one
of our business & commercial
insurance experts
1-877-742-0550 / 954-742-0550 or request a free
call back today.
