Errors and Omissions (E & O) Insurance covers your business, or you individually, in the event that a client holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results. Regardless of the kind of business you own, customers can claim that something you did on their behalf was done incorrectly, and that this error or omission cost them money or caused them harm in some way. Even if the allegations are without merit, many thousands of dollars may be needed to defend the lawsuit. This process has been known to bankrupt smaller businesses.
While the best-known examples of E&O are malpractice for doctors, or professional liability for lawyers and accountants, the fact is, if you are in any business providing a service to your client for a fee, you have an E&O exposure and should consider E&O Insurance.
Why Choose Insource?
Any error or omission in the performance of a particular duty may cause the individual or company to be responsible for damages. And unfortunately we all make mistakes from time to time. Errors and Omissions Insurance is designed to protect you and your business in such a situation. We represent a number of carriers that specialize in E & O coverage, so let Insource provide you with the best coverage possible for the best price.