Errors and Omissions Insurance
Solid Professional Errors and Omissions Insurance that Protects You from Lawsuits
Your clients turn to you for your professional services because they trust your advice. This trust likely didn’t happen over-night, rather it has probably taken some time for you to become an expert in your own field and build a renowned reputation of taking personal care for your clients’ best interests.
Because of all your hard work, your business is successful, and as a professional, more is expected of the services and advice you provide. In today’s litigious society are you prepared to cover the costs and stress arising from a liability lawsuit? Sometimes the simplest or most innocent of errors can have the greatest of consequences. Regardless of how well a contract is drafted, mistakes can still happen.
When they do, do you have the best E&O Insurance you can have?
Why Would You Want Professional E and O Liability Insurance?
Your Comprehensive General Liability Policy does not cover liability resulting from claims due to design, advice given, or professional errors you’ve made.
Whether your Ontario business processes data or provides some form of consulting service (architects, engineers, business, medical, project management, book-keeping, financial services and more), Erb and Erb Insurance Brokers Ltd. can provide the coverage you need. If your company provides educational services, translations, executive searches, title searches (copy write and trademark), product design, contracting, professional services (and many others), we can provide the coverage required to protect you and your company.
Non-profit, charitable organizations and professional associations also require Errors and Omissions Insurance policies. Why? What if a volunteer or board member felt serious errors of strategy have been made? What if there was a mistake in the budget and now there’s a sudden shortfall of funds? These kinds of situations can lead to a charity group becoming embroiled in a lawsuit.
Your customers, clients, volunteers or members and, in some cases, third parties, may call your professional work or advice into question and bring allegations against you, or your business, claiming they’ve suffered a loss as a result of your work. Such claims may be as innocent as a simple oversight, or as serious as neglect, or a breach of a particular duty that you as the professional ought to have reasonably been aware of. Some claims may even simply be groundless.
A commercial insurance expert at Erb and Erb Insurance Brokers Ltd. will outline how our Professional E&O Insurance provides protection against these kinds of claims.
Even if a claim is groundless or unsuccessful, there will still be legal costs associated with your defense, which can be quite costly. These are included in your E&O policy, along with any judgements & settlements up to the policy limits.
Get the Errors and Omissions Liability Insurance Your Business Needs
The Liability Insurance experts at Erb and Erb Insurance Brokers Ltd. will take the time to understand your business, assess your risks, and provide an E&O policy that’s tailored specifically for your situation.
What’s more, while litigation and some of the strains attached to it may not be entirely avoidable, they will be more easily dealt with, and the weightier burden of the expense associated with this, can be eased.
Don’t Wait for a Lawsuit to Hit Your Company to Find Out You Don’t Have the Proper Protection
E&O Insurance needs to be purchased prior to beginning a project or ahead of a product launch. Make sure your next venture is fully protected.
Simply fill out the short quote form above or call 800.265.2634 and a commercial insurance expert will contact you and detail all the options you have so you can make informed decisions.
It’s your business, let’s protect it.