Errors & Omissions Insurance - Caddo, OK
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Which Professionals Need E&O Insurance and Why
Errors and Omissions insurance, commonly called E&O insurance, protects professionals from liabilities resulting from their negligent actions. Unlike a company that makes a tangible product that could physically injure a customer, professional negligence is more subtle....
Why Engineers Need E&O Insurance
Professional engineers are expected to provide mistake-free work to their clients. However, at times, errors occur when least expected and may cause serious damage to property or severe injuries. When this happens, the engineer who's responsible for the project stands to lose a lot and may even be sued....
Common E&O Insurance Mistakes Committed by Professional Engineers
Errors and omissions (E&O) insurance is an insurance policy that provides personalized and/or collective coverage for individuals and their companies when they are sued for negligence, errors, omissions, or failure to provide services to meet the requirements or expectations of their clients....
West Fertilizer Co. Had $1M in Liability Insurance
Insurance agents often are blamed when accidents or claims occur and their customers don’t have enough insurance coverage. Here are two helpful tips: If you only handle some of your customers insurance, get a statement signed by your customer saying that they only want you to handle the specific coverage that you are placing for them....
E&O Insurance: Why So Important for Your Business
Errors and Omissions insurance, also referred to as professional liability insurance, is crucial to businesses that offer professional services, particularly technology firms. Oftentimes, in the process of handling clients’ needs, IT professionals may make errors that may cost the business huge amounts of money....
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