Errors & Omissions (E & O) Professional Liability
is purchased by companies to protect against
the costly litigation that could arise from claims
alleging negligence or inadequacy in the performance of
their professional services. Any individual, partnership
or corporation providing professional services can be
exposed to liability as a result of any negligence in
providing these services. E&O coverage also protects the
mistakes of employees and Independent Contractors the
firm may hire.
This coverage is not provided in
Commercial General Liability (CGL) which primarily
responds to property damage and bodily injury claims.
There are hundreds of forms of E&O insurance based on
the type of industry or service you provide. Some
policies are written based on specified professions such
as:
There are a host of other businesses outside of
traditional Errors & Omissions exposures that provide
professional services to others. These would be
considered Miscellaneous Professional Liability and
there may be broader forms available for certain
industry groups. Some examples are:
-
Media: Broadcasters, Advertisers,
Music/Entertainment, TV/Film producers
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Management Consultants
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E-Commerce
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Technology/Software providers or developers
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Advertising and Publishing Errors and Omissions
-
Property Managers
Technology Errors and Omissions Liability Coverage
is Errors and Omissions Liability Coverage specifically
designed for technology companies.
