What is errors and omissions (E &O) insurance?
Errors & Omissions Insurance insures a person and/or an entity against claims made by third parties (clients, customers, etc.), alleging negligence in the performance of services as more specifically defined in the policy form. (more)
Why do I need it?
At any time and in any given situation, a dissatisfied individual can choose to bring a complaint against you. When people sue, they usually name everyone they perceive as having had anything to do with the situation... (more) |
|
How are my rates determined?
E&O policy premiums are typically based on many factors which may include: the travel services provided, the carrier's assessment of the likelihood of a claim being brought and the potential severity of the claim, the number of years in practice, the number of professionals covered, annual revenues or annual gross receipts, location of the business and claims history. (more)
|
