Also addressed as Professional Liability or Errors & Omissions (E&O) Insurance covers a company if a client holds you responsible for a service you provided or failed to provide that did not have the expected or promised service outcomes.
Even if the allegations are found to be groundless, the money required to defend the lawsuit that can bankrupt a smaller company or an individual and have a lasting effect on the bottom line of larger companies if you are in the business of providing services to clients for a fee, then you are exposed to the risk of Error & Omission. If the service is not presented as per your client’s expectations, it will leave you vulnerable to a future lawsuit.
E & O provides crucial protection when an error or omission on your part has caused a financial loss for your client. With their in-depth knowledge and experience, our team of experts has tailor-made solutions to safeguard you against such incidents. We give you the confidence with our expertise and resources to protect you against such losses in the best way possible.
