In today’s litigious society, businesses and professionals are increasingly at risk of being sued by clients who believe they have been wronged. E&O insurance is essential because it:
Covers legal defense costs, even if a claim is groundless.
Helps manage the financial impact of lawsuits, allowing you to focus on maintaining your professional reputation.
Prevents a costly lawsuit from disrupting your operations or leading to bankruptcy.
E&O insurance is vital for any business or professional that provides services or advice to clients. Common industries that require this coverage include:
Business, IT, and management consultants often provide advice that can significantly impact their clients. E&O insurance protects them against claims of negligence or errors in their work.
Whether you’re a wealth manager or an accountant, your clients rely on your expertise to make critical financial decisions. E&O insurance covers claims of financial loss due to errors in your advice.
From real estate agents to property managers, those in the real estate industry face risks related to transactions and property management. E&O insurance helps protect against claims of misrepresentation or negligence.
Healthcare professionals, including therapists and medical consultants, need E&O insurance to cover claims related to professional negligence.
Companies that offer IT services, software development, or tech consulting face risks from errors in their products or services that could lead to client losses.
At Tooher-Ferraris Insurance Group, we understand that every business is unique, and so are its risks. Our E&O insurance policies are customizable to suit your specific needs, with coverage options that include:
We also offer flexible policy limits to match the size and scope of your business, ensuring you have the right level of protection without overpaying for coverage you don’t need.
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