Errors and omissions insurance typically covers settlements and court costs up to the amount specified in the insurance contract.
This sort of risk protection is for the most part expected for proficient guidance giving or administration giving organizations.
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A business without E&O insurance risks being held liable for up to millions in damages and legal fees.
E&O insurance is available to registered investment advisors, financial planners, insurance dealers, realtors, insurance brokers, and other financial professionals.
E&O insurance is frequently required by regulatory bodies, such as insurance regulators, the Financial Industry Regulatory Authority (FINRA), or even a company’s investors.
Non-profit organizations, general contractors, engineering firms, and other businesses outside of the financial sector can also benefit from E&O insurance.
E&O insurance is required by any other business or professional that provides a service, such as printers and wedding planners.
E&O insurance, also known as malpractice insurance, is another type of insurance that medical professionals purchase.
