Porter-Brandenburg Agency, Inc. Home Page

 

E and O InsuranceMost business owners have heard of liability insurance. Yet, many do not know about errors and omissions insurance.

This is an important type of business insurance for those who own a professional service. It protects businesses against negligence claims and the alleged failure to provide services.

A Defense Against Lawsuits

Your business can face legal action for negligence. Clients can also sue for the failure to provide services. They can do so even if you gave exemplary service without a mistake. Some individuals will file a lawsuit in an attempt to obtain a settlement or court-ordered compensation even though they are perfectly satisfied with your company's services.

Errors and omissions coverage protects your business against such frivolous lawsuits. More importantly, it can also protect you against those suits that might have merit. After all, just about every service provider makes a mistake at one point or another.

The Types of Businesses That Need Errors and Omissions Coverage

A business that give professional services or advice might benefit from E&O coverage. Certain companies conduct business that require them to have errors and omissions coverage. Errors and omissions coverage can apply to wedding planners, accountants, lawyers, doctors, engineers, architects, web hosting companies, and more.

The Extensive Coverage Your Business Needs

Errors and omissions insurance can even cover work performed by temporary staff. You won't have to worry about mistakes made by those who are on board for a short-term employment stint. Even work by independent contractors might fall under errors and omissions coverage. However, always remember to check your unique policy to see that it covers every employee.

Coverage Across the World

It is even possible to obtain errors and omissions insurance with worldwide coverage. Multiple businesses are multi-national. They sometimes want to insure all of their employees in the same manner. If you file a claim in the United States, one of the United States' territories or Canada, there is a good chance errors and omissions insurance will cover your claim.

Coverage can Even Apply to Past Incidents

Some forms of errors and omissions coverage apply to unknown claims that arise from work done before securing insurance policy. This business insurance coverage extends all the way back to the date you agree to with your insurer. This is sometimes called retroactive coverage.

We've got your coverage needs in mind. Porter-Brandenburg Agency, Inc can help you find a Dallas business insurance policy that meets your needs. Call us at 972.234.5588 today for more information.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Independent Insurance Agent   Trusted Choice   CPCU Society   Chartered Life Underwriter

Quick Links Porter-Brandenburg Agency, Inc Meet Us Online
Home
About Us
Products
Get A Quote
Customer Service
Our Companies
Insurance Tips
Contact Us
12160 Abrams Rd, Suite 107
Dallas, TX 75243
972.234.5588 Local | 888.246.9291 Toll Free
972.234.5311 Fax
Facebook Twitter LinkedIn Google Mapsl Yelp RSS Blog feed

Powered by Insurance Website Builder