As a professional, your expertise and skills drive your success. However, despite your best efforts, mistakes can happen. Errors and Omissions (E&O) Insurance, is a valuable coverage that can protect you and your business from costly lawsuits and legal fees. At Promise Insurance Agency, we understand that your profession requires accuracy and attention to detail. That’s why we’re here to help you navigate the complex world of insurance and find the right coverage.
Professional Liability Insurance covers claims against you or your business for professional errors, mistakes, or negligence. The following is an example: An accountant gives a client bad advice which results is a large financial loss for that client. Consequently, the client sues the accountant for negligence. Errors and omissions coverage can help pay for:
Professional Liability Insurance is a type of liability insurance designed to protect professionals from the financial risks associated with claims of negligence or errors. The policy is typically triggered when a client alleges that you or your business has made a mistake or failed to perform professional duties. Once a claim is filed, your insurance company will assign a claims adjuster to investigate the claim and determine if it is covered by your policy. If the claim is covered, your insurance company will provide legal representation and pay for any damages awarded or settlements reached.
Promise Insurance Agency recognizes the unique qualities of each profession and strives to tailor insurance coverage accordingly. With our customized and knowledgeable approach, you can have confidence that we will provide the necessary protection for your business to thrive. Contact us today to discover the appropriate E&O Insurance coverage for your business.