Environmental Errors and Omissions Insurance
From Consultants
Errors and Omissions Insurance is business liability insurance for professionals such as insurance agents, real estate agents and brokers, architects, third party administrators and other business professionals. An error or omission, a mistake, which causes financial harm to another, can occur on almost any transaction in any profession. This type of insurance helps to protect a professional, an individual or a company, from bearing the full cost of defense for lawsuits relating to an error or omission in providing covered Professional Services. This is a separate coverage from a standard general liability or property insurance policy.
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Errors and Omissions Insurance may be referred as any of the following
- E and O Insurance
- Errors and Omissions
- Professional Liability
Program Highlights
- Combines General Liability, Errors & Omissions and Contractors Pollution Legal Liability
- General Liability and Contractors Pollution Legal Liability written on an Occurrence Form
- Omissions written on a Claims Made Form with retroactive date provision
- Defense costs within limits of liability
- Mold Coverage is also available
- Completed Operations coverage included
- Increased Limits to $10 Million on specific policies
- Premiums start at $2500 for Errors & Omissions, General liability and Contractor Pollution Liability with a limit of $1,000,000
- Limit Deductible starts at $2,500
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