Also known as Professional Liability or Professional Indemnity Insurance, an E&O policy protects your business against 3^rd party financial loss claims alleging a negligent act, error or omission in connection with your professional service. The policy is tailored to cover legal defence costs and compensation awarded to the 3^rd party, up to the limit of liability chosen.

Depending on your area of practice, E&O may be required by law, or it may be a contractual requirement arising from a customer or supplier contract. Even if there is no contract requirement to obtain coverage, most professionals choose to arrange E&O coverage as prudent risk management. It is often their main risk exposure and important coverage to protect their business and professional livelihood.

While it is very common for professionals like architects, physicians and lawyers to hold such coverage, E&O policies are also regularly purchased by technology companies, recruitment/staffing organizations and other professional organizations that charge a fee for their services.

There is significant differences found in E&O policy wordings and negotiating the correct coverage is essential to ensure you are well protected. If you are not sure about the quality of your E&O coverage, please contact us for a discussion.

For more information about obtaining an E&O policy, we encourage you to contact Michael by phone at 310-414-2100 ext. 1003, or by email at .