Errors & Omissions Insurance

Errors and omissions insurance (E&O), or professional liability insurance, shields professionals from claims of negligence or inadequate service. Vital for service-based industries like consulting and healthcare, it covers legal expenses, settlements, and judgments, protecting reputations and financial stability from client disputes.

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Professional service providers must safeguard against claims of negligence or inadequate work. Errors and omissions (E&O) insurance, also known as professional liability insurance, covers legal costs and settlements arising from such claims. This coverage is vital for protecting your reputation and financial stability, allowing you to focus on delivering high-quality services to your clients.
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About Errors & Omissions Insurance

Also known as professional liability insurance, this coverage protects professionals and businesses from claims of negligence, inadequate work, or errors in the services provided. It is particularly important for service-based industries such as consulting, legal, and medical professions. Errors and omissions insurance covers legal costs, settlements, and judgments, helping to protect the professional’s reputation and financial stability in the face of claims from dissatisfied clients.

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Insurance is a critical component of managing your business’s risk of loss. By having the right policies in place, you can prevent significant financial setbacks from unforeseen events. Start by assessing your operational risks to identify your greatest vulnerabilities. Consulting with a knowledgeable insurance professional can help review your policies and identify any gaps in coverage, ensuring your business is fully protected.
What Types of Business Insurance Do I Need?
Business insurance should be tailored to meet your unique business requirements. The types of coverage recommended depend on your industry and the specific risks your business faces. Essential coverages typically include business property and liability insurance, often bundled in a Business Owner’s Policy (BOP). If you’re new to selecting business insurance, a Travelers agent can assist you in navigating your options and recommending policies that align with your company’s needs. Connect with an agent [here](link to agent locator).

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