Errors & Omissions Insurance Services
Lawsuits, both legitimate and frivolous, are all-too-common these days. Adding E&O to your business insurance portfolio can help protect you from the time-consuming and expensive proposition of mounting a defense if a client takes you to court. Common claims that E&O insurance covers are negligence, misrepresentation, violation of good faith and fair dealing, and inaccurate advice.
What does E&O cover?
Most E&O policies cover judgments, settlements and defense costs. Even if the allegations are found to be groundless, thousands of dollars may be needed to defend the lawsuit. They can bankrupt a smaller company or individual and have a lasting effect on the bottom line of larger companies.
What is the Right Coverage for You?
There is no standard policy language for E&O coverage. Each policy must be expertly crafted to make sure that the coverage being offered fits your exposures. That is why it is critical for owners of financial, analytical or consulting practices to find specialized insurance professionals that understand their unique E&O coverage requirements.
Program Insurance does just that and specializes in creating custom policies for business appraisers, financial advisors, M&A firms as well as management and strategic consultants.