Don’t Be Fooled. Professional Liability – Errors & Omissions Insurance – coverage is not provided by a Commercial General Liability policy. Commercial General Liability does NOT provide coverage for errors, contract performance disputes or any other Professional Liability issues. Companies who have General Liability without Professional Liability – Errors and Omissions Insurance – coverage are taking a serious risk. It is like a doctor practicing medicine without Malpractice Insurance.
Mistakes Happen. Every company messes up at some point. You can’t be everywhere. Sometimes you can’t personally handle every job. Errors and Omissions coverage insures not only your mistakes but also the mistakes of the employees and independent contractors you hire.
Most Importantly: Errors and Omissions Insurance might save you from extreme embarrassment, a lost client or worse of all, a bad reputation.