Despite their best intentions, everyone makes mistakes at work at one time or another, just as all companies sometimes have to deal with unsatisfied customers. Professional liability, or errors and omissions, insurance protects companies and professionals against financial losses resulting from an error or an omission likely to cause damage to a third party. Whether intentional or not, and whether committed by a company employee or officer, the fault is covered. This coverage is not included in your civil liability insurance, hence the importance of purchasing this extra coverage to make sure your company is fully protected.
What types of companies should consider errors and omissions insurance?
Contact one of our brokers to make sure you’re fully covered.