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Errors and Omissions / Professional Liability
What happens when an innocent mistake makes you an easy target for a lawsuit? Can you afford a lawsuit because you made an innocent mistake and were an easy target for someone trying to recover losses?
Errors & Omissions insurance is a policy that provides coverage for an individual in the event of unintentional mistakes. Errors and Omissions Insurance, commonly referred to as E&O, covers damages arising out of the insured's negligence, mistakes, or failure to take appropriate action in the performance of business or professional duties.
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FAX COMPLETED APPLICATIONS TO (866)324-4996
Notary Public E&O download application Notary Public Errors and Omissions Insurance safeguards the Notary against costly and time-consuming lawsuits. Even if the suit is not valid, a notary could still be faced with legal defense bills. If he/she is not insured, he/she will pay those defense costs out of his/her own pockets, win or lose.
Notary Public bonds protect the public, click here for bond info.
Property Managers E&O
This E&O product is designed specifically for both commercial and residential property management companies. Errors & Omissions exposures are negligence based, paperwork / administrative type errors, fund-handling errors, economic in nature and not based on bodily injury or property damage. Most property management claims fall in the category of an alleged mistake in the professional services rendered.
There are four coverages offered on this policy, each with a separate limit of liability:
Broad coverage includes:
Real Estate Agents E&O download application Real Estate Agents are often named in suits for failing to disclose defects with a property even if they are not at fault. Defense costs from such a claim can cripple the business. Real Estate agents owe a duty of care to their client to be loyal and to disclose all pertinent information or conflicts of interest. Most claims against real estate agents allege that these duties were not fulfilled.
The Real Estate Agents E&O program is for real estate firms that derive at least 65% of their commission income from residential real estate. Appraisal work can be included as long as at least 70% of income is derived from residential appraisals.
Broad coverage includes:
Real Estate Appraisers E&O
Real Estate Appraisers are being held to a higher standard of care as professionals. Because of the booming real estate industry, there is a high volume of appraisals potentially leading to a greater number of errors being made by the professional. Dissatisfied homeowners are naming appraisers in suits for failing to disclose defects in a property. Further, the increase in property values has made it more challenging for appraisers to set correct values for properties.
This program offers the following:
Recruiters E&O Package
Recruiters are under greater scrutiny and face a growing threat of litigation due to high profile cases where leading firms failed to do comprehensive background checks or failed to disclose crucial information about a candidate. Increasingly, employers are seeking damages for the cost of training & firing, cost to replace, and most importantly, loss of revenue. According to several recent compensation surveys, a poor executive placement can cost the client as much as 25 times the candidate’s annual salary.
Recruiters also face potential claims from employees who feel that the job is not what they were promised or who feel that they have been placed in a hostile work environment. The average cost to defend an Employment Practices Liability claim is $150,000 and the median award is $218,000.
There are four coverages offered on this policy, each with a separate limit of liability: Errors & Omissions
Broad coverage includes:
Tax Preparers' Professional Liability download application Tax Preparers' clients wait until the last minute and expect to meet the IRS deadlines. There are not enough hours in the day and when the pressure is on, it's easy to make mistakes. Tax Preparers' Errors and Omissions Insurance covers losses due to errors or omissions of persons who prepare tax returns for others for a fee, including incorrect or incomplete preparation of forms, calculation errors, and erroneous advice.
Technology / Computer Consultants E&O
Your clients can sue you for negligence in providing professional services, regardless of fault. Even frivolous lawsuits can incur significant defense costs. General Liability Insurance policies exclude professional services. Errors & Omissions Insurance is the only way to protect a Computer Consultant’s Company.
Programming errors, improper system installation/integration, and hardware maintenance are important areas of exposure for Technology Service providers. Allegations of copyright infringement, transmission of a virus, or unauthorized access to a client’s system due to the Computer Consultant’s error can result in losses in excess of $100,000. Can they afford to pay for their clients’ economic losses that result?
This product offers the following broad coverage features:
click here for my General Liability products click here for my Directors & Officers products click here for my Employment Practices Liability products |
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Representative of top-rated insurance companies: Farmers Insurance Group, Blue Cross, New World Life, Foremost, CNA, United States Liability Selling fire, home, autos, umbrella, Boats, life, business, commercial auto, earthquake, & flood. California Insurance Agency directly serving the entire State Of California and the communities of Alamo, Blackhawk, Danville, Dublin, Pleasanton, San Ramon, and greater SanFrancisco Eastbay (All of California and zip codes 94506, 94507, 94526, 94566, 94568, 94582, 94583, 95688)
