These policies don’t cover things like civil lawsuits and criminal prosecutions that aren’t listed in the policy.
This encompasses criminal behavior, intentional wrongdoing, and illegal acts. E&O protection frequently doesn’t cover substantial injury incurred by your business as that is normally covered by broad obligation protection.
Temporary employees, claims for work done before the policy was in effect, and claims in various jurisdictions may or may not be covered by E&O insurance.
It might also not cover claims of discrimination, employee injuries, or cybercrime-caused information leaks.
Different kinds of insurance cover the last three scenarios.
Who Should Have Errors and Omissions Insurance?
Errors and omissions insurance typically covers settlements and court costs up to the amount specified in the insurance contract.
Businesses that offer professional services or advice typically require this kind of liability insurance.
