Errors and Omissions (E & O) Liability – Protection for the Professionals of Massachusetts
Errors and Omissions (E&O) Liability is insurance for your business that helps cover you should you be found legally liable for negligence due to the actions or advice given from you or your employees. Let Pearson Wallace protect your business and call one of our agents today!
Why do I need E & O Liability?
Picture this, you’re the owner of a roofing company that you’ve spent years building up and you’ve just secured a job to work on the roof of a multimillion-dollar home. One of your new employees gets lazy and doesn’t check the quality of his work, two weeks later you get an angry phone call from the homeowner saying that there’s damage to the house, things inside and outside are ruined and there’s tens of thousands of dollars’ worth of damages. Certainly, your company is responsible, would you be able pay for all the legal costs that you’re about to endure? If you have General Liability Insurance you might think that you’re covered, but you’re not. If you want your business to survive the high costs of court and legal fees ask us about a Errors and Omissions Liability plan today!
Simply put, general liability insurance covers the costs of physical damage, whether that be to a person or your business property. E&O covers financial losses that clients may suffer because of your actions, or even lack of actions.
Commonly, this involves professional advice given to clients. With some policies, it involves unintentional violations of copyright and other intellectual property law. For companies or individuals in a position that provides advice, E&O liability insurance is essential!
It can also be useful for companies that supply software to clients who might then use for their own businesses.
Does E&O pertain to my business?
Absolutely. Errors and Omissions Liability is a smart investment for any type of business. It protects any business from claims like:
· Negligence
· Copyright
· Inaccurate Advice
· Violation of good faith and fair dealing
· Libel or Slander
I just got sued, what costs can you cover?
Even the best businesses go to court sometimes so don’t sweat it, Pearson Wallace has got you covered! With Errors and Omissions Liability insurance attorney, court, and settlement costs may all be covered.
Sounds great, but how much does it cost?
E & O Liability costs depend on several factors including business risk, claims history, and location. Contact us today to discuss your business and how Errors and Omissions Liability is right for you!
Pearson Wallace Insurance business insurance agents operate throughout New England and Massachusetts serving: South Boston, East Boston, Dorchester, Amherst, Pittsfield, Southern Berkshire County, Sheffield, Great Barrington, Lee, Lenox, Stockbridge, West Stockbridge and all towns and cities in Western MA.