Professional Liabilities / E&O

Because of the growing number of costly lawsuits involving professional liability, professional liability quotes or errors and omissions insurance quotes become in demand for a variety of industries.

Why Avail of E & O Insurance
Errors and omissions insurance, or E & O or E and O insurance, is business liability insurance for professionals, mostly consultants, brokers, and lawyers. E & O quotes are recommended for businesses that provide professional service, regularly gives professional advice, and are required to have E & O by their 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 exclusions. 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 profession you’re in, E & O that may cause financial harm to another can put you at risk. E & O can help protect you or your company from bearing the full cost of defense and cost of damages for lawsuits that may occur.

E & O vs. Professional Liability Insurance Costs
E & O is a separate coverage from a standard general professional liability or property insurance policy. E & O quotes vary to suit a wide range of industries. Professional liability insurance costs also vary. Some charities and NGOs also have errors and omissions insurance. E & O quotes depend on the following:

• Type of business
• Risk exposure
• Business location
• Number of employees
• Annual revenues
• Type of policy

E & O insurance quotes are sold through commercial insurance companies and independent agents that specialize in E & O coverage. A great insurance agent or insurance company can help you in choosing E & O coverage that fits your needs. E & O insurance allows you to plan ahead and transfer a portion of the risk and costs of unpredictable legal expenditures to the insurance carrier, reducing the financial impact of an E & O accusation against your business.