Errors & Omissions Liability Insurance

Errors & Omissions Liability Insurance (E&O) 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:

• Accountants
• Architects & Engineers
• Associations
• Bankers
• Doctors
• Insurance Agents and Brokers
• Lawyers

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.