Errors and Omissions Insurance, also known as professional liability insurance or E&O insurance is a policy offering coverage for claim relating to providing, or failing to provide, a professional service. It is a type of commercial general liability insurance and is definitely something all small business owners should consider, as well as something we offer!
E&O is typically purchased by professional service businesses, but even retail businesses can benefit from coverage, as a retailer could be sued for shipping an order to the wrong address. No matter what business you find yourself in, simple mistakes can result in financial harm to a client, as well as put you at risk of litigation.
The major benefit to Errors and Omissions Insurance is that the policy can help you and your company pay for legal defense costs and damages in the event of a covered claim that results in a lawsuit, even when allegations are baseless. For covered claims, the policy will pay defense costs, approved settlements and judgments against you, and associated court costs (all up to your policy’s coverage limit).

So, no matter what type of business you own, take the time to look into Errors and Omissions Insurance and make sure you’re protected!
For more information, visit us at or call us at 305-648-7070.