Errors & Omissions Insurance

Going Beyond General Liability with E&O Coverage

Your clients entrust their welfare, and sometimes that of their businesses and their families, to your professional expertise. If you fail them through an error or negligence, they may hold your practice liable for any losses or injuries they suffer.

Even if you avoid a lawsuit by coming to an amicable settlement, a claim can still be expensive. No matter the outcome, your firm will probably face substantial costs that aren’t covered under your general liability or business insurance policy. To protect your financial assets, you need professional liability insurance.

Often called Errors and Omissions insurance, or E&O insurance for short, this type of policy protects professional services firms from costs that occur when a client alleges that mistakes or negligence on the part of the firm or its employees caused financial damage or personal injury. Some policies also cover the failure of products a firm designs.

At DiNicola Insurance Services, our advisors can help you defend against E&O claims through good risk management practices and a solid insurance program.

E&O insurance primarily covers legal expenses and damage awards or settlements. Some policies cover actions by temporary staff or subcontractors, some cover work done before your policy was initiated, and some offer an extended reporting period that increases the length of time claims can be made. We even offer policies that provide for legal defense without your firm having to pay a deductible—called “first-dollar defense.”

Mistakes happen. Best practices and solid E&O insurance can help.

DiNicola Insurance Services provides commercial insurance, employee benefits, and risk management services in communities throughout the San Francisco Bay area, including San Mateo, San Jose, Alameda, and Marin County, California. To get started on a complete insurance program for your business needs, contact us by phone at 855.247.1912 or by email, or you can complete and send the form on this page.