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Errors and Omissions Insurance
Business liability insurance provides coverage against bodily injury and property damage. But if you provide services to businesses and sometimes individual customers for a fee, and if you are late, negligent, or if work is done improperly, you could be liable for the financial loss or harm it causes your clients.
This applies to many professions. It applies to you if you are an accountant, anesthesiologist, architect, attorney, building contractor, consultant, doctor, engineer, financial planners, insurance agents, marketing agency, mortgage or real estate agent, printer, travel planner, wedding planner, and more. Some professions, like medical field, require specific malpractice insurance, while most require a more broad-based non-specific policy.
Mistakes happen, and whether it was your error or that of an employee or intern, your company could be held liable. Clients may refuse to pay for late, or errant work, but additionally they may hold you responsible and seek compensation.
E&O Insurance covers you for suits filed against your business for anything that causes a financial loss for a client, for which your error or omission is responsible.
E&O doesn’t cover everything, including usually punitive damages, criminal or dishonest acts, bodily injury, property damage, fee disputes, discrimination based on sex, race, color or creed, or obvious failure to maintain insurance.
But E&O is essential for most, and highly recommended for all professions mentioned above. Lawsuits are expensive and stressful. Despite your training, experience and dedication to professionalism, mistakes can and do happen. Be sure you’re covered. Talk to our experienced, professional commercial insurance agents at Rick Gerety + Associates to start the process today!
"Amanda was very friendly and helpful during a big step in our lives (buying our first rental property). She gave great advice and created a plan to cover all of our insurance needs, even when a few obstacles arose. All of our questions were answered promptly throughout the process, and my husband and I truly appreciate her service!"
—Linda Chern Zvitkovitz
"Amanda has been beyond amazing! She helped me with home insurance last year, and helped again when I had to use the insurance just a few months after settlement! I have now switched my car insurance to Nationwide! I would recommend anyone to this office knowing they would get the absolute best customer service! Thank you, Amanda, for all you have done!"
"AWonderful customer support at all times. Always ready to help at any time. Courteous, professional, knowledgeable. Immediate and supportive response when claims made."
—Meg Bates Jones
"Amanda was simply amazing! We had a horrible experience with Allstate and she helped make the transition super smooth to Nationwide! Allstate messed up our cancellation date and Amanda handled everything, we didn’t even have to send her any paperwork, it’s nice to know you’re being taken care of especially when it comes to insurance!"
—Meg Bates Jones
—Grace M. Manger