Errors & Ommissions
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Errors & Omissions

Much like the name implies, an Errors and Omissions policy protects business against claims by clients for inadequate work or negligent actions. These policies can act as protection against legitimate and frivolous lawsuits, whether the business was at fault or a client who was informed of a risk was unhappy with the final result of a project.

Key Points of Errors & Omissions:

  • Often covers court costs and settlement amounts
  • Essential for financial advisers, investment groups, marketing firms, automotive sales groups, law firms and tech firms
  • Protects businesses against even frivolous lawsuits, which may rack up high legal and arbitration fees, regardless of who was in the legal-right