Choosing the right professional liability (E&O) insurance.
Professional liability, also referred to as errors and omissions (E&O) insurance, protects business and their workers against claims due to neglectful actions or possibly work that is not adequate.
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The following are a few frequently asked questions about professional liability (E&O) insurance.
Is professional liability (E&O) insurance right for me?
Errors and omissions (E&O) insurance is a form of professional liability coverage that protects a business against claims of neglect or being completed improperly. Some professions actually require this type of insurance per their trade. Need help finding the right one? Contact us today.
Are all professional liability (E&O) the same?
Every professional liability (E&O) is unique to every business. This is because each policy takes into consideration the specifics about each company, leadership, the industry, and multiple other factors. Its important to have the right coverage to keep your business protected.
What determines the cost of coverage?
This depends on several factors such as your exposures (square footage, gross revenue, payroll, etc.), coverage limits and deductibles or retentions selected. If you need help shopping for the right insurance plan contact our team of insurance advisors.