Errors and Omissions Liability Insurance
Errors and Omissions, or E&O insurance coverage, is an important supplement to a business's general liability coverage. It protects you from loss if a customer sues you for mistakes or omissions in your services.
Travelers Canada E&O typically covers losses incurred from a lawsuit. In addition to settlements or judgments, losses can include attorney fees, court costs and administrative costs. Even if the lawsuit is unfounded, the cost to defend against claims can be substantial.
How can you protect against errors and omissions claims? Ensure you incorporate best practices for administering accounts, document every customer interaction, and have your customer sign off on decisions and recommendations before implementing them. Above all, securing reliable errors and omissions coverage from Travelers Canada provides an important safeguard against loss.
Select an error and omissions liability product to learn more
- Design Professional Liability
- Miscellaneous Professionals Liability - Arbitrators/mediators, Management Consultants, Property Managers, Bookkeepers, Business associations, Consultants, Court reporters, Data processors, *Talk to your Errors and Omissions broker for more eligible professions
- Professional Liability for Financial Institutions
What's covered in an errors and omissions policy?
Defence coverage for disciplinary proceedings
Spousal and domestic partner liability coverage
No absolute bodily injury or property damage exclusion
Severability of exclusions
Flexible limit options
Broad definition of claim**
Broad definition of loss**
Broad definition of subsidiary**