Is your company fully protected against claims of inadequate work or negligent actions?
Errors & Omissions insurance (E&O) is a type of Professional Liability insurance that protects companies, their workers, and other professionals against claims of inadequate work or negligent actions.
E&O insurance often covers court costs and any settlements (up to the amount specified by the insurance contract). This kind of liability insurance is generally required for professional advice-giving or service-providing businesses. Our firm has helped hundreds of clients with their E&O needs.
We serve a wide range of organizations, including:
- Accounting & Auditors
- Contractors & Developers
- Construction Managers
- Financial Services
- Insurance Agents & Brokers
- Property Management
- Real Estate & Mortgage Brokers
- Technology and many more
Lawyers E&O Insurance
Attorney Professional Liability, also known as Legal Professional Liability, protects lawyers from alleged mistakes that can occur while practicing law. Lawyers are frequently targeted when clients are dissatisfied with their legal performance. A small claim can result in the loss of billable hours, while a more significant one can cast doubt on an attorney’s professionalism and competency – impacting them financially. We can help you navigate the complexities of this marketplace.
Accountants & Auditors E&O Insurance
For accounting professionals and auditors, errors and oversights can have a direct financial impact on clients – resulting in costly and time-consuming litigation. Even the strongest internal controls and “best practices” cannot always prevent mistakes and oversights, and accusations (with or without merit) can be costly and time consuming to defend.
While auditors and accountants servicing the financial sector may see greater claim severity and increased third-party liability, firms servicing the healthcare industry are exposed to different regulatory requirements such as HIPAA compliance. Cyber security, potential data breaches and usage of cloud providers pose additional threats that firms must navigate. While internal audits and loss prevention is recommended, a well-structured Professional Liability insurance program is one of the only ways to truly mitigate risk and protect your firm.