Errors & Omissions Insurance Throughout Texas

In today’s dynamic and fast-paced business environment, even the most diligent professionals can be vulnerable to claims of mistakes, oversights or unmet expectations. That’s why errors and omissions (E&O) insurance is a vital safeguard. This form of liability coverage can help protect service-oriented businesses and professionals from the financial impact of lawsuits stemming from actual or alleged errors in the services they provide.

What Is E&O Insurance?

E&O insurance, often referred to as professional liability insurance, can help safeguard businesses and professionals from the financial risks associated with claims of errors, poor service or negligence. It can help cover expenses related to defending against such allegations, as well as any settlements or judgments, making it an essential layer of protection for those who offer specialized knowledge or services.

What Does E&O Insurance Cover?

E&O insurance typically includes coverage for the following:

• Negligence
• Errors or omissions
• Misrepresentation
• Breach of contract
• Legal defense costs
• Settlements and judgments

Most E&O insurance policies operate on a claims-made basis, which means that both the incident and the resulting claim must occur and be reported while the policy is in effect. Coverage limits, deductibles and premiums vary based on industry, risk level and claims history.

Learn More

For E&O insurance near you, contact AAAA Insurance.