Errors and omissions insurance is a specific kind of business insurance that provides coverage for you and your company if a client were to hold you responsible for a service that failed to meet the promised or expected results. E&O insurance will typically cover any legal costs associated with the claim and/or any settlements costs.
Without an E&O Insurance policy, your company is liable for costly damages that can stem from claims and lawsuits which could be detrimental to the sustainability and growth of your business. Make sure to speak to the experienced business insurance brokers at JMG Insurance Agency to acquire an Errors & Omissions Insurance policy with the proper amount of coverage.
Professions That Should Acquire Errors & Omissions Insurance
Not everyone requires E&O coverage, but we highly recommend it to the following professionals:
- Accountants and auditors
- Lawyers
- Engineers
- Architects
- IT Consultants
- Property managers
- Real estate professionals
- Title agents
- Appraisers
- Management consultants
- Medical professionals (Malpractice)
- Wedding planners
These professionals work in industries where errors should be expected, and prepared for in advance. When companies set up a shield against business mistakes, it aids them in dealing with the fallout. Having a proper E&O insurance policy in place can also help companies with costly damages or fees resulting from a lawsuit. Don’t leave your business vulnerable, protect it today.
This is by no means an exhaustive list, so if you’re a professional offering any type of service, contact a JMG Insurance Agency agent to find out if you need this valuable coverage option.
Errors & Omissions Insurance Protects Against Mistakes
Even the most experienced professionals make mistakes. We’re all human.
With offices in Connecticut, Massachusetts, New York, and New Jersey, the JMG Insurance Agency is here to be your Northeast insurance advocate and determine your professional risks to give you the best coverage possible. We’ll also be there for you when you need to file a claim, no matter what happens.
Lawsuits stemming from unhappy clients can bankrupt small companies and put individuals out of business, so why take any chances? Be sure to purchase E&O insurance before engaging in any risk. Ideally, this means having coverage before going into business. By preparing your company for mistakes that are bound to happen, you gain an advantage within your industry. When companies are able to expect the unexpected, a layer of protection shields them from most anything in the field. Prepare your business today and shield against potential errors, acquire E&O insurance.
Speak To An Experienced Business Insurance Agency
Allegations alone can be costly when you consider the legal costs and the potential damage to your reputation. E&O coverage is designed to protect against these scenarios. The cost will depend on your business, but the JMG Insurance Agency has access to multiple insurance carriers, giving us greater flexibility in finding you affordable coverage options. Reach out to our agents today, they’ll offer unsurpassed service and support you won’t find anywhere else.