When “Oops, sorry” Isn’t Enough.

When “Oops, sorry” Isn’t Enough. Errors & Omissions Insurance

We can all be subject to liability claims for a variety of reasons. A delivery person could slip and fall on our sidewalk. We may injure someone in an automobile accident. Business owners could have an employee injury someone through faulty work or carelessness. Even professionals like accountants, financial advisors, attorneys, and doctors can be subject to liability claims. In the case of these professionals and others, Errors and Omissions Insurance can provide the needed protection. E&O coverage sometimes referred to as malpractice insurance, is professional liability insurance that protects professionals against claims of inadequate work and negligent actions. It offers a layer of financial protection when saying “My bad” isn’t enough.

Examples of E&O Liability  

Consumers of professional services have a reasonable expectation that the professional opinion and advice given to them is accurate, valuable and helpful. They rely that an attorney who suggests a certain course of action is basing his advice on knowledge and experience. A financial advisor who promotes certain investments shouldn’t have ulterior motives. A doctor should be prudent in the steps he takes when offering medical advice or conducting a medical procedure. When a consumer is harmed by the advice or recommendations of these professionals, they can seek recourse through the courts through a liability claim.

Of course, a claim doesn’t necessarily mean a claim is valid. This is where E&O insurance protects professionals. It makes sure the professional is properly represented in any legal process, and if a settlement is agreed upon, they will be held harmless. Claims against professionals will happen. E&O insurance protects the professional financially in such claims.

Errors and Omissions Insurance can also protect members of a board of directors against legal claims against them for decisions made on behalf of the board they serve upon. This can be critical in a variety of circumstances from non-profits to HOA board members to corporate board members.

Professionals can make decisions that negatively affect others. When these decisions result in a legal liability claim, E&O insurance serves as a line of protection.

Contact us to discuss your liability risks and how Errors and Omissions Coverage can help. We look forward to assisting you in minimizing your exposure.


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Search All Blogs

Generic filters

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Generic filters

Read More Blogs

The Thrill of the Grill: A Masterclass in BBQ Perfection

An ultimate guide to mastering grilling and barbecue, with tips, techniques, and delicious recipes.

The Entrepreneur’s Armor: A Guide to Protecting Your Business

A crucial guide to business insurance, covering essential policies and strategies for entrepreneurs.

The Gift of Security: A Simple Guide to Life Insurance

An easy-to-understand guide to life insurance, explaining policy types and a simple way to calculate your needs.

Hitting the Road Safely: Understanding Your Auto Insurance Policy

A simple guide to auto insurance, explaining coverage, premiums, and tips for finding the best policy.

The Homeowner’s Handbook: Protecting Your Property and Peace of Mind

A clear guide to home insurance, covering policy types, inventory tips, and how to save money.

The Art of the Perfect Pizza: From Dough to Delight

A comprehensive guide to making delicious, restaurant-quality pizza at home, from dough to toppings.

Shielding Your Enterprise: The Small Business Owner’s Guide to Insurance

A deep dive into business insurance, covering essential policies and strategies to protect your company from risk.

Your Legacy, Your Promise: A Practical Guide to Life Insurance

A clear, practical guide to life insurance, explaining term vs. permanent policies and how to calculate your needs.

The Driver’s Blueprint: Demystifying Auto Insurance Coverage

A complete guide to auto insurance, explaining all coverage types and how to get the best deal.

Beyond the Basics: Navigating the Nuances of Home Insurance

A comprehensive guide to home insurance, covering everything from standard policies to essential riders and the claims process.