Professional liability and Errors and Omissions insurance tend to cover the same types of claims. They are designed to protect your business if a mistake costs your customer to lose money or become injured. Lawsuits are often filed when you do not fulfill your obligations in any way. This includes being accused of professional negligence or missing an important deadline.

Interchangeable Terms

Professional liability and Errors and Omissions insurance are terms used to cover any liability that may be incurred during your business operations. Liability claims can result from a breach of contract, errors in your work, poor artistry, and failure to meet deadlines. These events can result in devastating financial losses for your clients. 

Professional Liability Benefits

There are several benefits associated with professional liability and E&O policies. They cover your court costs and attorney fees. They will also pay for any judgments or settlements that may be awarded to your customer.

Compare Different Quotes

Before choosing a policy, you will want to explore your options. Look at multiple policies offered by different providers. Carefully go over each one and choose a policy that meets the needs of your business and will protect your financial stability. Ask the experts when you have questions. Don’t choose a policy without knowing all the facts.

Owning a business means you have several responsibilities. Before purchasing any insurance, especially professional liability or Errors and Omissions insurance, you need to talk to an agent. At Steve Wilk Insurance Agency, each agent has received special training on how to handle different types of commercial insurance. Call today and get the information you need to make a wise decision. Our new office is located at 310 S Main Street, Suite C, Lombard, IL 60148.