E&O Insurance

Professional Liability Insurance is necessary to protect both a business and professional against lawsuits for errors and omission from clients, customers and third parties.

Professional Liability or “Errors and Omissions” insurance Insurance provides coverage for acts, errors or omissions in rendering professional services or advice. Payment is made for claims and defense costs up to the policy limit.

In addition, professionals havinga “Highly Recommended” rating may qualify for a reduced premium.

Online Quotation

Go to Online Quotation

Online quotations are available for individuals and for firms with up to four professionals.

Application

Download Application

For firms with five or more professionals click here to download application.

Typical Policy Features:

Errors and Omissions – Claims made form, pay on behalf, coverage for defense costs outside the policy limit as an option, coverage for punitive damages where permitted, prior acts coverage, extended reporting period.

Employment Practices – Covers discrimination (age, sex, race, disability, etc.), protection from allegations of wrongful termination of employment, coverage for sexual harassment, and other employment-related allegations.

Cyber Risk – Both small businesses and professional practices are vulnerable to cyber attacks and financial losses.

Commercial general liability policies and traditional property policies will not cover security or privacy breaches. A company can attempt to recover damages from a third party for liability. However, it will prove to be costly and difficult. The preferred method is to insure a small business or professional practice directly. There may also be liability to third parties from cyber attacks or other tech problems.

In addition, companies and professional practices such as legal, financial services, healthcare and other organizations must maintain strict control over client information under HIPAA, PCIDSS, GLBA and other federal and state government regulations.