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Errors and Omissions Insurance

E&O insurance falls under professional liability insurance, meaning it caters to the needs of businesses, employees, and other professionals. E&O insurance protects the insured (someone who is covered by insurance) from lawsuits arising from errors, omissions, misrepresentation, inaccurate advice, or other mistakes made in a professional capacity.<br><br>Click on the given link to learn more: https://quotezebra.com/errors-and-omissions-insurance/

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Errors and Omissions Insurance

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  1. Errors and Omissions Insurance

  2. Introduction • Errors and Omissions Insuranceis a type of professional liability insurance that protects your business from claims alleging from professional negligence or oversights.    • For medical professionals, errors and omissions insuranceis known as malpractice insurance. Similarly, for architects or engineers, or lawyers, it is often called professional liability insurance. Despite the difference in the terminology, the E&O insurance policy protects your business to settle lawsuit claims alleging from errors in professional services. 

  3. Does your business needs E&O insurance ? • Hospitals    • Real estate agent    • Consultant    • Engineer    • Lawyers    • General contractors     • Construction business    • Entertainment industry   

  4. What are the few things to consider while buying E&O policy?  • Consult with insurance expert • Choose the right type of coverage • Please choose the right amount of coverage • Always compare premium rates

  5. What does it cover? • Court costs • Copyright claims • Contractors and temporary workforce • Damages • Defamation

  6. What it does not cover • Pollution • Workplace discrimination  • Bodily Injury • Illegal or criminal activities    • Theft and vandalism 

  7. Factors that determine the cost of E&O coverage  • Insurance provider    • Industry    • Location    • Claims history    • Coverage limits and deductibles   

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