top of page
Errors and Ommissions.png

Errors and Omissions

 Your Protection Matters

Errors and Omissions (E&O) insurance, also known as professional liability insurance provides coverage for businesses and individuals against claims made by clients for inadequate work or negligent actions.

  1. Coverage Types:

    • Professional Negligence: Claims arising from mistakes, oversights, or failures to perform professional duties.

    • Misrepresentation: Claims that the professional provided misleading or false information.

    • Breach of Contract: Claims that the professional failed to fulfill contractual obligations.

    • Errors in Services: Mistakes or errors made in the course of providing professional services.

    • Defense Costs: Legal fees and court costs associated with defending against covered claims.

  2. Who Needs E&O Insurance:

    • Professionals and Service Providers: Individuals and companies that provide professional services or advice, such as:

      • Accountants and financial advisors

      • Consultants and coaches

      • Engineers and architects

      • Real estate agents and brokers

      • IT professionals and software developers

      • Healthcare providers (often referred to as malpractice insurance in this context)

    • Small and Medium-Sized Enterprises (SMEs): Businesses of any size that offer specialized services or consulting..

  3. Importance of E&O Insurance:

    • Financial Protection: Helps cover the substantial costs associated with defending against and resolving professional liability claims.

    • Client Assurance: Demonstrates to clients that the business or professional is prepared to stand behind their work and address any potential issues.

    • Risk Management: Provides a safety net that allows professionals to focus on their work without the constant fear of potential lawsuits.

​

Errors and Ommissions.png
Did you know - Errors and Omissions.png

The Toon Family is here to help. Ready to speak with us?

​

Tulsa

(918) 986-9777

Edmond

(572) 910-7100

bottom of page