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What is Errors and Omissions Insurance?

What is Errors and Omissions Insurance?Depending on your line of business, you may need additional insurance protection on top of your general liability insurance policy. If you provide advice or services to clients that may result in some sort of financial or physical harm, you may benefit from an errors and omissions insurance policy. All professional liability claims are excluded from your general liability insurance policy, hence the need for an errors and omissions insurance policy.

This vital insurance policy will provide you with coverage from enduring financial damages if you are faced with a lawsuit. Whenever your business’ negligence does not fall into the categories of bodily injury or property damage, you will not be receiving sufficient coverage through your general liability insurance policy. This may be if a CPA provides clients with the wrong advice that results in a penalty or financial harm.

Contact Pierce Insurance Group in McKinney for all of your Texas business insurance needs. Allow us to maximize security for your biggest investment. We will determine your company’s unique liability risks and provide you with a policy that allows you to feel confident in your business’ security.