Also known as Errors and Omissions insurance, Professional Liability insurance is your most critical coverage.
WHAT IS PROFESSIONAL LIABILITY?
Professional Liability Insurance -sometimes called errors and omissions (E&O) liability results from errors or omissions in the performance of professional services. Companies that perform professional services for others can make mistakes—overlook a critical piece of information, misstate a fact, be misunderstood, forget to do something, misplace something, etc.—and be sued by their clients over allegations such as:
1) Error, omission, or negligence in providing a service.
2) Failure to provide a service.
4) Improper documentation.
Professional Liability insurance protects you and your business from potentially catastrophic litigation caused by charges of professional negligence or failure to perform your professional duties.
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