Errors & Omission/Professional Liability Insurance
Even the most careful and professional organizations can find themselves on the wrong side of a mistake that leads to a lawsuit. If your company provides products or services to third parties (through your own staff or through the work of subcontractors), the reality of today’s business world requires that you protect yourself beyond what a traditional general liability policy offers.
Errors and Omissions (E&O) insurance specifically covers inadvertent mistakes or failures of products or services that causes damage to a third party. E&O insurance protects your assets in ways your general liability insurance does not and applies to both the damages and defense costs you may incur in the process.
Companies most in need of E&O protection include those that manufacture, assemble, or install for specific customer requirements, provide design work, subcontract work to third parties, provide fee-based services, advice, or instruction, and other business scenarios.
Let Lyceum’s business insurance specialists assess the risks of your organization and design coverage that is responsive to your unique situation. We work with you from the beginning to create the right insurance program and follow it through to ensure any claims are handled with ease.
Take the Next Step:
The content on this website is descriptive only. Actual coverage is subject to the language of the policies as issued.
