Because No One is Perfect

Errors & Omissions Insurance

Help Protect Your Business from Costly Mistakes

As a professional, one small slip-up can turn into a big, expensive problem. If a client thinks you made a mistake and it cost them money, they can sue you for negligence. In fact, clients can sue you for negligence even when you’ve done nothing wrong.

Professional Liability Insurance, also known as Errors & Omissions (E&O), can cover your legal defense costs and damages.

Mistakes & Oversight

A real estate agent doesn't disclose a major defect during a home sale

Undelivered Services

If you fail to deliver promised services, a client could sue - especially if it negatively impacts their bottom line

Accusations of Negligence

If your business fails to meet minimum industry standards while working with a client

Missed Deadlines

If a client sues your business over late work, E&O insurance can cover the cost of the lawsuit

E&O Insurance FAQ

Errors & Omissions Insurance benefits a variety of industries that provide services directly to a client or customer. It is designed for both businesses and independent contractors that make a living off of their expertise in these industries.

Also known as Professional Liability Insurance, provides financial protection for you and your business if you are accused of making a mistake, professional negligence or not delivering on business agreements.

This policy will cover legal defense costs related to a lawsuit, including court costs, settlements, and judgments. You’ll typically pay a deductible, and your insurance provider will pay legal expenses up to your coverage limit.

Errors & Omissions Insurance is very affordable, with many businesses paying less than $45/month. Your cost is based on a few factors, including:

  • Amount of coverage
  • Claims history
  • Industry risk factors
  • Business size
  • Day-to-day operations

If your business provides services to the public, or is considered a consultant or expert in your field, then you could probably benefit from E&O insurance coverage.

  • Accountant
  • Real estate agent
  • Architect
  • Website developer
  • Pet groomer
  • Landscaping

Some states require real estate agents to carry Professional Liability (E&O) insurance. Ohio is not one of them.

Some of your clients may request a certificate of insurance as proof that you have E&O coverage in order to secure a contract. This way, they know if you make a costly mistake or don’t meet their standards, they will be able to recoup their losses.