Errors & Omissions Insurance
Errors and omssions insurance is insurance that protects your company, or you individually, in the event that a third party holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results. For doctors, dentists, chiropractors, etc., it is often called malpractice insurance. For lawyers, accountants, architects or engineers, it may be called professional liability.
Most E&O policies cover judgments, settlements and defense costs. Even if the allegations are found to be groundless, thousands of dollars may be needed to defend the lawsuit.
In short, E&O coverage provides protection for you in the event that an error or omission on your part has caused a financial loss for your client.
We also insure franchisor's professional liability in the event a franchisee files a lawsuit alleging damages caused to their business as a result of the franchisor's actions or failure to take action.