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IBDpro Blog: eando insurance

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Errors and Omissions insurance, commonly called E&O insurance, protects professionals from liabilities resulting from their negligent actions. Unlike a company that makes a tangible product that could physically injure a customer, professional negligence is more subtle. READ MORE >>

Professional engineers are expected to provide mistake-free work to their clients. However, at times, errors occur when least expected and may cause serious damage to property or severe injuries. When this happens, the engineer who's responsible for the project stands to lose a lot and may even be sued. READ MORE >>

Errors and omissions (E&O) insurance is an insurance policy that provides personalized and/or collective coverage for individuals and their companies when they are sued for negligence, errors, omissions, or failure to provide services to meet the requirements or expectations of their clients. READ MORE >>

Insurance agents often are blamed when accidents or claims occur and their customers don’t have enough insurance coverage. Here are two helpful tips:  If you only handle some of your customers insurance, get a statement signed by your customer saying that they only want you to handle the specific coverage that you are placing for them. READ MORE >>

Errors and Omissions insurance, also referred to as professional liability insurance, is crucial to businesses that offer professional services, particularly technology firms. Oftentimes, in the process of handling clients’ needs, IT professionals may make errors that may cost the business huge amounts of money. READ MORE >>

Does your business need errors and omissions insurance? To answer this question, you must first understand what E&O insurance is. Basically, it is a professional liability insurance meant to protect businesses from claims made by customers for negligent actions and inadequate service. READ MORE >>

By Louis H. Kozloff and Kenneth S. Merber of Nelson Levine de Luca & Hamilton Superstorm Sandy’s impact on the insurance industry has been and will be profound. Predictably, the most direct impact will be claims for property damage and business interruption made under homeowners and commercial first-party property policies. READ MORE >>

Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and omissions coverage where they can pose challenges for agents looking to buy protection. READ MORE >>

Most businesses carry general liability insurance. However, healthcare professionals along with professionals (e.g., architects, attorneys, accountants, etc.) need an additional layer of insurance, known as Errors and Omissions Insurance. How E&O Insurance Protects You READ MORE >>

What is E&O insurance?Errors and omssions (E&O) is the insurance that covers your company, or you individually, in the event that a client holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results. For doctors, dentists, chiropractors, etc. READ MORE >>

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