Errors and Omissions Insurance: What Is Covered?
Posted: August 19, 2023
Errors and omissions (E&O) insurance is a type of professional liability insurance. It is designed to protect professionals, including companies and workers, against claims of negligent actions or inadequate work brought by clients. Companies that provide services to customers for fees often purchase E&O insurance. What Does Errors and Omissions Insurance Cover? Generally, E&O insurance covers actions of professionals providing a service, including: Errors, mistakes,...
Business Insurance to Protect Your Veteran-Owned Company
Posted: November 4, 2021
Veterans entering the business world have access to a number of resources. These include the Small Business Administration, Veterans Affairs Office of Small and Disadvantaged Business Utilization (OSDBU), the SCORE Veteran Fast Launch Initiative, and American Corporate Partners (ACP). One essential aspect of running a business is having adequate insurance coverage to protect your interests. The type of business insurance you need to protect your...
What is Contractors Errors & Omissions Insurance (E&O Insurance)?
Posted: June 24, 2021
Lets face it, mistakes happen sometimes. Most people understand that General liability covers you for injuries and property damage, but what does E&O insurance cover? To sum it up and keep it simple, E&O will cover your mistakes (Wrongful Acts) that cause financial loss to a customer. There are three general areas that this can occur and those are; errors or omissions in the...
