“Reputation” is one of the most important things for a business.
Professional liability — an errors and omissions insurance package — covers the actions of your employees as they work to fulfill the terms of contracts with other companies.
E&O coverage includes contract performance of your professional staff, legal defense, and judgments that may be lodged against you, including court costs. It can cover employees and subcontractors alike.
Common E&O exposures
- Real estate
- Insurance
- Accounting
- Banking
- And certain other types of businesses
Lack of performance from your staff can result in liability for you — make sure you have the necessary E&O coverage.