Commercial Errors and Omissions Insurance What Is Error & Omissions Insurance?In the litigious world we live in today, many business owners protect themselves with errors and omissions insurance (E&O). This type of insurance may be appropriate for anyone who gives advice, makes educated recommendations, designs solutions or represents the needs of others. Why You Need Errors & Omissions InsuranceRegardless of what kind of business you own, customers can claim that something you did on their behalf was done incorrectly, and that this error cost them money or caused them harm in some way. Legal expenses in an errors and omissions claim can be costly. Errors & Omissions policies are designed to cover many of these defense costs and ultimately the final judgment if the business owner does not win the case. |
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