Professional Liability (Errors & Omissions) Insurance
Professional liability insurance, also sometimes referred to as errors and omissions insurance or E&O, is essential to all professionals who provide services based on what they know, not what they produce. This type of insurance protects businesses or individuals in the event that a customer holds your company, the business owner, or the professionals responsible for a service that was provided, or failed to be provided, and did not have the expected or intended results. E&O insurance is not part of or included with general liability insurance. It must be purchased separately.
Here are samples of the types of professionals that need this type of insurance:
Accountants and CPA’s
Allied Health professionals
Professional liability insurance is separate from a general liability (GL) insurance policy which would cover you mainly for bodily injury or property damage liability.
Strate Insurance Group offers free, comparative quotes on professional liability or errors & omissions insurance from multiple insurance carriers so you can get the best possible rate.
Want to see how much we can save you? Just request a quote to find out.