Professional Liability/Error and Omissions (E&O) Insurance covers the professional for the potential liability arising out of performing their daily job responsibilities. Industries commonly utilizing this coverage are realtors, insurance agents, attorneys, architects, accountants, consultants, financial advisors, engineers and appraisers. These industries offer their clients “expert advice” and can be held liable if they misinform, misrepresent or just “miss” relaying critical information. E&O policies generally cover the potential dollar loss assigned to the claim and the cost of defense. Similarly, malpractice insurance covers individuals in medical/dental fields. These policies cover not only advice given but actual procedural errors. They too cover any actual loss sustain and defense of the policy holder.
If you have questions about this kind of coverage, please call 860-521-8870 or fill out our contact form. We look forward to helping you.