Errors and Omissions Insurance, also known as E&O insurance, is crucial for professionals who provide advisory services in exchange for a fee. This form of professional liability insurance protects individuals from claims alleging financial loss or misconduct due to services provided.
While professionals do not intend to give bad advice or make mistakes, the reality is that errors can occur. E&O insurance ensures that professionals are covered in the event a client sues over negligence, failure to deliver services as promised or missed deadlines.
While E&O insurance may not be a legal requirement for all professions, it is highly recommended to have this coverage in place to protect both yourself and your business. At EasyInsure, we specialize in helping professionals secure the Errors and Omissions Insurance they need to safeguard their livelihood.