Few industries are immune to claims for mistakes, accusations of negligence, poor advice, or failure to perform. Whatever area your client specializes in, errors and omissions insurance may potentially help protect them from defense costs, judgements, settlements, fines, or penalties. Our team has errors and omissions insurance expertise in many fields, including construction, financial institutions, media, healthcare, real estate, and technology. We will identify their unique exposures and help you place that business.

Industries served
  • Architects
  • Artisan contractors
  • Construction managers
  • Design/build contractors
  • Energy contractors
  • Engineers
  • Environmental professionals
  • General contractors
Financial institutions
  • Banks and credit unions
  • Fintech firms
  • Investment firms
  • Mortgage brokers / companies
  • Private equity or venture capital
  • Advertising agencies
  • Radio & television broadcasters
  • Social media companies
  • TV and movie producers
  • Video game distributors and publishers
Medical / healthcare
  • Allied professionals
  • eHealth
  • Fitness clubs
  • Long term care facilities
  • Medical billing
  • Outpatient clinics
  • Personal enhancement facilities (medical spas)
  • Skilled nursing
  • Staffing services
Professional Services
  • Business consultants
  • Employment organizations
  • Environmental consultants
  • Health and safety consultants
  • Management consultants
Real Estate
  • Property managers
  • Real estate agents
  • Tenant discrimination
Tech & Staffing Services
  • Hardware manufacturers
  • Internet services
  • IT services
  • Managed service provider
  • Network security
  • Software providers
  • System integrators

FAQs – Errors & Omissions

What is errors and omissions insurance and professional liability insurance?

Errors and omissions insurance, also known as professional liability insurance, is insurance coverage that protects those employed in professional services roles. Typically, people who provide services, advice, or consultation to their clients and who may be held financially responsible should their services result in a claim or lawsuit. In any of these situations, errors and omissions insurance, or professional liability insurance, may be a critical component of your client’s risk management program.

Who should buy errors and omissions insurance or professional liability insurance?

Anyone who provides a service, consultation, or is relied upon for their expertise should add errors and omissions insurance, or professional liability insurance, to their risk management portfolio. Contractors, engineers, and other construction experts, media and advertising firms and professionals, medical and healthcare professionals, fitness clubs and other allied health professionals, real estate agents and property managers, technology and network security firms and professionals, investment advisors, banks, and mortgage companies, and many more industries should all consider including errors and omissions insurance and professional liability insurance in their insurance portfolio. We can help you tailor an appropriate program based on your client’s exact needs.

What type of risks does errors and omissions insurance or professional liability insurance cover?

Professional liability insurance policies, or errors and omissions insurance policies, cover defense and legal costs arising from alleged wrongful acts. Given the complexities involved with this type of coverage, our team will help you and your client understand the nuances and ensure they have the right protection.

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Fun Fact: The top three reasons for errors and omissions claims against real estate agents are: 1) misrepresentation; 2) failure to disclose; and 3) negligence.(1)