Error and Omissions Insurance Quote 951-789-9300

Posted by Unknown commercial, E&O, errors and omissions 2:34 PM

You must consider errors and omissions insurance coverage if you’re business provides a service to clients for a fee. RTG-West Insurance Services Inc., can cover printers and building-trades contractors, such as electricians, plumbers, HVAC installers and sheet metal workers and other service professionals

951-789-9300

Costly mistakes can happen – even to people with the best training and years of experience.  It’s human nature. That’s why errors and omissions insurance is so important. 

Who needs E&O insurance?

Errors and omissions insurance policies usually cover the business owners, both salaried and hourly employees, and can be extended to cover subcontractors working on behalf of the business.

As you may know, business liability insurance covers losses related to bodily injury, property damage or advertising injury. But what happens, and who pays, when a printer neglects to catch a typographic error on a large order of engraved wedding invitations? Or when a plumbing repair fails and causes an entire office to be flooded.  That can be bad, and that does happen. 

Resolving these issues with the purchase of errors and omissions (E&O) insurance can provide coverage for these types of losses. Errors and omissions insurance is a specialized liability protection against losses that are not usually covered by liability insurance. It protects you and the business you operate from a claim if a client sues for such things as negligent acts, errors or omissions committed during business activities or the like that result in a financial loss for the client.

Errors and omissions insurance has to be customized to meet specific needs of a business or industry.  Thats why dealing with an experience advisor who understands your business needs and finds the facts for creating the right coverage is so important.

What type of insurance for Errors and Omissions should I consider?

Errors and omissions insurance policies vary from company to company, and are created to cover the common exposures particular to different types of businesses.

Sometimes a loss to an insured client may have occurred several years in the past on work or service previously done.  The first time a mistake is apparent is when a court summons arrives in the mail. That’s why the retroactive date on a policy is so important.

Even with unwarranted claims and frivolous lawsuits, legal fees and other related expenses can burn up a company’s cash reserves, causing business hardship. Most E&O insurance policies cover judgments, attorney fees, court costs and settlements up to the limits of the policy.

Make sure to speak to an insurance specialist at RTG West Insurance Services today to discuss your needs.  Call us today at 951-789-9300. 

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