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Errors and Omissions Insurance

Errors and Omissions Insurance

It’s always best to be prepared for the unthinkable, and errors and omissions insurance can help you do just that.

Errors and omissions insurance, also known as E&O insurance, can help protect you from legal action taken against you when a third party claims that your business made a mistake.

This kind of coverage is beneficial for a wide range of industries since it can help cut down on out-of-pocket costs for settlements.

On this page, we’ll talk about what’s covered with errors and omissions insurance policies, as well as how hiring a Colorado insurance agency like Rick Baker Insurance can help your business decide on the right policy coverage.

What does E&O insurance cover?

You can never be sure when someone might not be satisfied with your work, and if someone wants to file a claim, you could find your business in financial trouble.

By opting for an errors and omissions insurance policy, you can protect yourself and your business from liability caused by negligence, inaccurate advice, omissions, errors, misrepresentation, libel, slander, and more.

This coverage could be beneficial in a wide range of industries — including everyone from therapists to grocery stores.

However, it’s important to know that errors and omissions insurance does not cover acts of purposeful wrongdoing, employee claims, or general liability claims.

This means that if you purposefully give misleading advice, E&O insurance won’t cover you. Or if an employee files a lawsuit relating to a work-related injury, E&O insurance also won’t cover you.

To learn more about specific situations that errors and omissions insurance does cover, contact {[ }} at 303-444-3334 to speak with a representative!

If you need errors and omissions insurance coverage, contact Rick Baker Insurance

As a Colorado insurance agency, Rick Baker Insurance can talk you through the coverage associated with errors and omissions insurance. We’ll take into consideration your industry, your employees, and your customers to help craft the policy that fits your needs.

To get started, give us a call at 303-444-3334. We can’t wait to hear from you!