Errors & Omissions insurance for small businesses

In the litigious world we live in today, technology companies have to protect themselves with errors and omissions insurance. Also known as professional liability, E&O insurance is appropriate for any information technology company that provides advice, makes educated recommendations, designs solutions or represents the needs of others. Professions such as IT staffing firms, doctors, retail stores, restaurants, hair salons, and more should all have professional liability insurance coverage.

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What is the Error & Omission Insurance?

E&O insurance is a type of liability insurance that protects your business from claims resulting from errors or failure to provide services. Errors & omissions insurance safeguards your business from allegations of negligence, malpractice, errors, or omissions when delivering professional services. The insurance covers the costs of your legal fees and any required payments or settlements.

What Covers Error & Omission Insurance?

No matter how much effort you put into avoiding them, mistakes will happen some times. Error & Omission Insurance provides protection for personal negligence or failure to carry out professional responsibilities. If they do mistakes, your customers have the right to take legal action against your company for:

• Professional negligence
• Performance failure
• Costs of legal defense
• Settlements and damages
• Misleading information

Claims for personal injuries, such as defamation or slander.

Our errors and omissions (professional liability) coverage is a smart option for your clients no matter how you look at it. It all begins with our knowledgeable  underwriters who have expertise in the field. Their skills help us know the risks faced by your clients, enabling us to create customized solutions for their specific requirements. Our underwriters possess substantial authority, managing new and emerging risks and providing the speedy responses you require, allowing you to have assurance in the protection you offer as you cultivate lasting relationships with your clients.

Your Trusted Expert in Errors & Omissions Insurance

InsureYourCompany.com can help you select the right type of coverage to protect your small business.
Although formalizing a contract with your clients can help limit your liability, errors and omissions
insurance protects you against loss from a claim of alleged negligent acts or “errors and omissions” in
the performance of your professional services. Your coverage will cover you for:

– Legal defense costs required to prove your case

– All employees including W-2 employees and 1099 subcontractors

– Optional coverage for allegations of copyright infringement and intellectual property infringement

– Personal Injury against claims of libel, slander and invasion of privacy

– Worldwide coverage if the suit is brought in the United States.

Regardless of what kind of business you own, customers can claim that something you did on their
behalf was done incorrectly, and that this error cost them money or caused them harm in some way.