• What should I consider when choosing an E&O insurance policy?

    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.

  • Can E&O insurance cover claims made after my policy expires?

    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.

  • Is E&O insurance required by law?

    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.

  • How is E&O insurance different from General Liability Insurance?

    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.

  • What does E&O – Errors & Omissions Insurance not cover?

    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.