Professional Liabilities - E&O
Because of the growing number of costly lawsuits involving professional liability, professional liability quotes or errors and omissions insurance quotes became in demand for a variety of industries.
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Why Buy Errors and Omissions Insurance?
Error and omissions insurance, or E & O or E and O insurance, is business liability insurance for professionals, mostly consultants, brokers, and lawyers. E and O quotes are recommended for businesses that provide professional service, regularly gives professional advice, and is required to have E&O by its professional clients.
E & O covers your company, or you individually, against costly liability claims made by clients for inadequate work or negligent actions. All E & O quotes have different coverage and liability exclusion. However, in general, E & O quotes are designed to help pay for defense costs and the damage costs associated with professional liability claims. No matter what professional you're in, errors and omissions that may cause financial harm to another can put you at risk. E and O can help protect you or your company from bearing the full cost of defense and cost of damages for lawsuit that may occur.
E & O vs. Professional Liability Insurance Costs
Errors and omissions insurance quotes are sold through commercial insurance companies and independent agents that specialize in E and O coverage. A good E & O insurance agent or insurance company can help you in choosing E & O coverage that fits your needs.
Errors and omissions insurance allows you to plan ahead and transfer a portion of the risk and costs of unpredictable E & O legal expenditures to the E and O insurance carrier, reducing the financial impact of an E & O accusation against your business.
License: 0184251, 0F91214, 0G00836, 0G76655