FAQs

To file a claim, contact your insurance provider immediately after an incident. Provide detailed information about the event, including the date, location, nature of the incident, and any immediate actions taken. Your insurance company will guide you through the claims process. [...]

The amount of coverage you need depends on your business operations, the potential environmental risks involved, and regulatory requirements. It's essential to assess your specific needs and consult with an insurance professional to determine appropriate coverage limits.

Environmental Liability Insurance does not typically cover intentional acts of pollution, known pre-existing conditions, or general liability claims unrelated to environmental incidents. For coverage of general business risks, a General Liability Insurance policy would be necessary.

When selecting an E&O policy, consider the coverage limits, exclusions, deductibles, and the reputation of the insurance provider. It's crucial to choose a policy that aligns with the specific risks and needs of your business.

Yes, if you have a "claims-made" policy and maintain continuous coverage, you can be protected for claims made after the policy period for incidents that occurred during the policy period.

While not always legally required, E&O insurance is often a contractual obligation. Many clients or regulatory bodies may require businesses to carry E&O insurance as a condition of their contract or license.

E&O insurance covers claims related to professional errors, omissions, and negligence, while General Liability Insurance covers claims of bodily injury, property damage, and advertising injury. Both types of insurance are essential for comprehensive business protection.

E&O insurance does not cover intentional wrongdoing, criminal acts, or fraudulent behavior. It also does not cover bodily injury or property damage claims, which are typically covered by General Liability Insurance.

The cost is based on various factors, including the size of your business, the industry you operate in, and the amount of coverage you need. It's important to get multiple quotes to find the best rate for your specific situation.

Even small businesses can face large liability claims that exceed the limits of their primary insurance. Commercial Umbrella Insurance offers crucial extra protection, regardless of business size.