Errors & Omissions Insurance (E&O): Protection for Professional Services
No matter how skilled or experienced you are, mistakes can happen. Errors & Omissions Insurance (E&O) protects your business from claims of negligence, misrepresentation, or failure to deliver services as promised.
What Is Errors & Omissions Insurance?
E&O Insurance is a form of professional liability coverage designed to protect service-based businesses and professionals. If a client claims that your work caused them financial harm—even if the claim is unfounded—this policy helps cover your legal costs.
What Does It Cover?
- Client Disputes
- Covers claims that you failed to deliver promised services or made a professional error.
- Legal Defense Costs
- Pays for attorney fees, court costs, and expert witness fees, whether or not you’re at fault.
- Settlements and Judgments
- Helps cover payouts if you’re found liable or settle a dispute out of court.
- Negligence and Omissions
- Protects against accidental oversights, miscommunications, or delays in service delivery.
- Breach of Contract
- May include protection for certain breach of contract allegations tied to your services.
Who Needs E&O Insurance?
Consultants, marketing agencies, IT firms, financial advisors, designers, and other professionals who provide advice or deliver services should carry E&O coverage. It’s often required in contracts or client agreements.
Why It Matters
One lawsuit can derail your business financially and reputationally. E&O Insurance helps ensure that even if you’re accused of a mistake, your business stays protected.
E&O Coverage Made Easy
TriPack connects you with leading carriers offering Errors & Omissions Insurance tailored to your profession and risk profile.