Errors and Omissions Liability Insurance

Manage your risk proactively.

Errors and omissions liability insurance to cover your company.

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Errors and omissions liability insurance protects any business that gives advice, makes educated recommendations, designs solutions, or represents the needs of others. We’ll design coverage that will ensure that one simple mistake does not cause financial devastation.

At Reliant Agency, we oftentimes talk about protecting you from the unexpected. Professional liability claims are a perfect example of this. Businesses get sued all the time- and not always for good reasons.

However, when someone files a lawsuit, our country’s legal system has to push it through the pipeline. This oftentimes results in businesses paying hefty legal fees to fight bogus lawsuits. Now, not all E&O claims are unfounded. However, if your business is sued and you lack the financial resources to defend yourself in court, you could easily go bankrupt or even lose your business altogether. Is that a risk you’re willing to take?

Why do you need Illinois errors and omissions liability insurance?

Errors and omissions (E&O) liability insurance protects businesses if they make professional mistakes that result in financial injury. It is a type of professional liability coverage that covers claims of negligence and inadequate work.

Errors and omissions liability insurance covers legal fees for a myriad of claims including:

  • Alleged or actual negligence
  • Subcontractor errors
  • Fraud
  • Breach of contract
  • Breach of warranty
  • Misrepresentation

Many businesses mistakenly believe that their commercial general liability insurance will protect them from all kinds of liabilities, but that’s not the case. While these policies offer valuable coverage, they are not the end all be all of commercial liability insurance. In fact, most of these policies list several exclusions that are only covered under E&O insurance.

At Reliant Agency, we are an independent Illinois insurance agency skilled at matching both businesses and individuals with cost-effective insurance policies. If you want help finding the right errors and omissions insurance policy for your business, give us a call today.

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