Errors and Omissions Liability Insurance
Errors & Omissions Insurance in Washington protects your company from claims if your client holds you responsible for errors, or the failure of your work to perform as promised in your contract.
Coverage includes legal defense costs – no matter how baseless the allegations. Errors & Omissions Insurance will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy.
Professional Liability/Errors & Omissions Insurance coverage is NOT provided by a Commercial General Liability policy and does NOT provide coverage for errors, contract performance disputes, or any other Professional Liability issues.
Companies that have General Liability without Professional Liability/Errors and Omissions Insurance coverage are taking a serious risk; it’s like a doctor practicing medicine without Malpractice Insurance.
Errors and Omissions coverage insures not only your mistakes, but also the mistakes of the employees and Independent Contractors you hire and might save you from extreme embarrassment, a lost client, or worst of all, a bad reputation.
Visit one of our four offices for more information on Errors and Omissions coverage in Washington State.
Frequently Asked Questions about E&O Insurance
Who needs errors and omissions insurance?
Any business professional who offers advice or services needs an E&O insurance policy. These professions include, but are not limited to: attorneys, accountants, bankers, consultants, medical providers, web developers and many others.
Is E&O the same thing as Professional Liability Insurance?
Yes, Errors and Omissions is the same thing as a Professional Liability Policy. The two names are used in exchange of one another.
Is E&O the same thing as D&O?
No, D&O stands for Directors and Officers insurance and is meant to protect corporate directors and officers personally. To learn more about D&O coverage, speak to a licensed agent.