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

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Search All Blogs

Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt

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
Exact matches only
Search in title
Search in content
Search in excerpt

How to Maximize Your Chances of Getting Your Security Deposit Back

Moving Out? Don’t Leave Your Money Behind! Get Your Security Deposit Back Every Time (and Maybe Even Renters Insurance!)

Garage Sale Gold! How to Turn Trash into Treasure (and Cash!)

Don’t Trash It, Sell It! Pro Tips for a Successful Garage Sale (and Extra Cash!)

Don’t Let Your Business Go Up in Smoke! Top 5 Causes of Commercial Fires (and How to Prevent Them)

Commercial Fire Safety: Protect Your Business from the Top Fire Threats (Free Quote Included!)

Taming the Paper Tiger: How to Keep Important Documents Safe

Don’t Let Your Important Documents Become Disaster Snacks! Safe Storage Tips Inside

A Fun Ride Through Auto Racing History (and How to Save on Insurance!)

Need for Speed: A History of Auto Racing in the US (Plus Save on Car Insurance!)

Dive into Safety: Essential Pool Tips for Fun (and Peace of Mind!)

Poolside Paradise or Potential Peril? Top Pool Safety Tips for Families

Presidential Quirks: From Wrestling Champions to Bowling Alleys in the Basement

Don’t just know their policies – Dive into the weird and wonderful world of Presidential Quirks!

So You Want to Be Your Own Boss? A Reality Check for Budding Entrepreneurs

From Dream to Reality: Essential Considerations Before Launching Your Small Business

Fort Knox for Your Family: Why Life Insurance is Your Secret Weapon

Life Insurance: The Unsung Hero of Family Protection (Free Quote!)

Don’t Let Your Drive Turn into a Rage: Chill Tips to Avoid Road Rage

Stay Calm & Cruise: Essential Tips to Avoid Road Rage and Save on Car Insurance