Small Business Insurance quotes

Is Everything Covered by My Errors Omissions Insurance Policy?

Call us at (888) 540-7374

We work with the nation's best insurance providers

Many small business owners want to know just how much of their errors and omissions are covered by their existing policies. Let’s be clear though; errors and omissions insurance does NOT cover intentional acts to deceive or destroy. In other words, if you know that something was omitted or if an error was made, it ceases to become an error or omission and is no longer coverable by your insurance policy.

 

Many small business owners see errors and omissions coverage as a free license to infringe on copyrights, illegally discriminate, or avoid paying fines. None of the aforementioned items are covered under your errors and omissions insurance policy, nor will they ever be.

 

A big part of managing risk as a business falls on the quality control team. Sweeping items under the rug is not acceptable behavior whether your company is covered with errors and omissions insurance or not. Do your best to hire managers and team members who take pride in their work so if and when a claim is made against your company, it can be covered by your insurance policy.

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

Get Free Business Insurance Quotes

We’re ready to answer all of your questions about our services and your insurance needs. Give free quotes.
Scroll to Top