E&O Liability Insurance Overview
E&O liability insurance protects business owner’s from lawsuits alleging a negligent act(s), error(s) or omission(s) related to a service received by a client for a fee.
You can protect your business, assets and reputation, by investing in E&O liability insurance coverage, also known as Professional Liability Insurance and or Errors and Omissions (E&O) Insurance.
Who Needs E&O Insurance Coverage?
E&O insurance is appropriate coverage for anyone who gives advice, makes educated recommendations, designs solutions, or represents the needs of others.
Specialized forms of E&O insurance coverage are also available to professions such as appraisers, real estate agents, mortgage brokers, insurance brokers, home inspectors and notaries etc. E&O insurance policies are designed to cover legal defence costs that are incurred trying to defend against allegations ,reduce liability and/or prove innocence and also cover judgments or settlements against the insured.
E&O liability Insurance Overview Of Coverage Considerations
E&O liability insurance coverage kicks in where your Commercial General Liability policy does not provide coverage, such as for service errors, contract performance disputes or any other professional liability issues.
Errors and Omissions Insurance policies have both a claim limit and an annual aggregate limit, which the insured selects based on their exposure contractual obligations etc.
E&O Insurance Experts
There are many different forms of E&O liability Insurance and multiple factors to consider when purchasing E&O liability Insurance coverage for your business. Because there isn’t a standard E&O liability Insurance policy, an experienced broker who understands your company and can knowledgeably design a policy to meet your needs is invaluable.
To Learn More About E&O liability Insurance Or For A Quote Speak To An ALIGNED Insurance Advocate Or Connect With Us Today At www.alignedinsuranceinc.com
More about ALIGNED Insurance:
ALIGNED is a premiere insurance brokerage that was exclusively and uniquely built to create, negotiate and deliver the best business insurance and risk management strategies/solutions to small, medium and large organizations across all industries. ALIGNED’s primary mission is to protect the cash flow, profitability and balance sheets of their clients from the chance of unforeseeable losses.
|ALIGNED Across Canada 100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Cambridge, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours.