Errors and Ommissions Insurance

Errors And Omissions Insurance Quotes

Errors & Omissions Insurance (also called E&O, EO and Professional Liability Insurance) helps protect your company or professional practice from risks not typically covered by your general commercial liability policy. E&O is a businessperson’s version of the malpractice insurance taken out by medical practitioners and lawyers. Errors & Omissions insurance is an essential part of your comprehensive business insurance portfolio, whether you work from an office or out of your home. If you are just starting a company, you would be wise to purchase E&O coverage before you open for business. If you already have a policy, you should review it periodically to make sure it is up to date. As your business expands, it’s a wise idea to increase your coverage limits and reduce your exposure to claims.

You can get quotes for E&O insurance using the form shown at the top of this page.

Who Needs Errors & Omissions Insurance?

You need E&O insurance coverage if:

  • Your clients or investors require it as a condition of doing business with you

  • Your trade association requires you to carry it as a condition of membership

  • You manufacture a product or provide a service for a fee

  • You or your employees provide advice or services that could result in a lawsuit or financial loss for your client due to any alleged error, omission, negligence or wrong-doing on your part

  • You have personal assets that could be jeopardized if a client sued you

Florida small business insurance policies

In Florida, some of the most common policies for small businesses include:

General liability insurance

General liability insurance helps cover expenses related to injuries incurred by customers and visitors to your property. It can also help cover property damage and advertising injuries. Examples of situations that may be covered by general liability include:

  • A deliveryman slides on ice on the front step of your business and breaks a wrist.

  • A model attending a photo shoot at your private studio trips over a loose cable and twists an ankle.

  • Your marketing team comes up with a slogan that your competitor claims is slander.

Property insurance

Your business property, which includes the building, equipment, and inventory, may suffer damages due to accidents or crime. Commercial property insurance can help pay for repairs or replacements that are necessary when:

  • A pipe breaks at your convenience store, causing extensive water damage to your inventory.

  • Expensive lotions and beauty products are stolen from your spa.

  • An employee at your architecture firm knocks over a detailed scale replica of a building.

Florida Small Business Insurance

For a small business in Florida, or anywhere else in the world to succeed today, it has to be nimble and adjust to the changing times. We think the way you buy small business insurance should be held to the same standards. We customize small business insurance policies to your needs. Small business insurance products offered in Florida include:

General liability insurance, known as Commercial General Liability (CGL), protects your business from another person or business’s claims of bodily injury, associated medical costs, and damage to property. Some examples of what could be covered are below:

  • Bodily injury: It is raining outside and a client hastily enters a spa and slips on the floor, which does not have a wet floor sign. The client sustains injuries and makes a claim against the spa owner. A general liability insurance policy could cover the client’s medical costs, including any lost wages, that result from the injury.

  • Property damage/data loss: A consultant is working in a new client’s office when they accidentally spill coffee on the server. The machine is damaged beyond repair and valuable data is lost. The consultant’s general liability insurance could cover the cost to replace the server.

  • Personal injury: A tax preparer is overheard talking about a client in a false and unflattering way. The client finds out about the conversation and sues for slander. The tax preparer’s general liability policy could cover the defense costs as well as any settlement or judgment.

Professional liability insurance, also known as errors and omissions insurance (E&O insurance), covers another person’s claims against businesses that provide professional and personal services. Some examples of what could be covered include: