Many businesses mistakenly think their company’s general liability policy covers all aspects of professional liability. But this is simply not the case. For complete protection, you need an errors and omissions insurance package that covers the actions (or lack of actions) of your employees as they work to fulfill the terms of contracts with other companies.
Here at Dryfoos, we specialize in creating errors & omissions plans that complement your existing general liability policy. Errors & Omissions provides coverage for claims that result from negligent actions for either providing or failing to provide professional services. This insurance provides for the defense and indemnity of covered claims and saves you the cost of defending and settling allegations of negligence, even if the suit is without merit.
E&O insurance can also cover all of your W2 and 1099 employees and subcontractors, no matter where they’re located. As a general rule, errors and omissions applies to activities involving these professions: accountant, appraisers, architects and engineers, attorneys, construction managers (design and build), insurance agents and brokers, management consultants, mortgage bankers, property managers, and real estate agents, among others.
Don’t Risk Damaging Your Reputation
Protect your company from unforeseen damages and lawsuits that may arise from the poor performance of your staff and employees. For more information, call or email us today, or fill out the convenient form on this page.