ERRORS & OMISSIONS
Errors and omissions (E&O) insurance is a type of liability insurance coverage that protects professionals against claims of inadequate work or negligent actions. An error or omission, which causes financial harm to another, can occur in almost any profession. This coverage helps protect an agent or agency from bearing the full cost of a claim relating to such an error or omission in providing covered professional insurance services, should a client hold them responsible for errors or the failure of their work to perform as promised in their contract.
E&O minimum coverage details:
Limits of Liability per Claim – $1,000,000
Limits of Liability Aggregate – $3,000,000
Speak with your marketer today to explore the option that best fits your needs. We can advise on how to best handle multiple policies as your team grows, and point newly licensed agents to companies that will provide deep discounts.
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