Errors and Omissions Insurance
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Errors and Omissions Insurance
Since 1956, RJ Ahmann Company has been a premier provider of errors and omissions insurance nationwide.
Wondering if you should be protected by errors and omissions insurance?
Many businesses face E&O exposures. If your advice or services could potentially cause bodily injury or financial damage, you’re at risk. You may need a specialized policy to extend liability protection for the risks unique to your professional line of work. In the past, E&O exposures were limited to certain types of professionals but today, we’re seeing more and more businesses sued for this type of risk. If you answer “yes” to any of the following questions, or if you have any question about your exposure, please contact us for a no-obligation consultation to determine if you need E&O, professional liability or malpractice insurance.
Could your services and/or advice cause a client financial loss?
Could a design error made by you have consequences for a customer?
Could an omission lead a client to make a bad decision?
Anyone has the right to file a claim against you. And though studies show that most professional liability claims do not result in judgment against the business, the defense costs associated with a claim can easily devastate a business.
Who should have errors and omissions (E&O) insurance?
If you provide professional advice that could cause a client to experience a financial loss, E&O protection is needed. Architects, engineers, business consultants, technology consultants, software designers, manufacturers and contractors are all strong candidates for errors and omissions insurance. For example, a refrigeration contractor steps out of his usual pure construction role and advises a superstore in the planning of the refrigerated sections of a new distribution center. If his advice results in financial loss from equipment breakdown, lost goods or business interruption, the contractor could face E&O litigation.
Who should have professional liability insurance?
If you give professional advice that could result in financial damages, you need professional liability insurance. Professional liability, sometimes referred to as lawyers insurance, extends your general liability coverage to incorporate protection for financial damages caused by your services. Accountants, lawyers, architects, engineers, appraisers and other business consultants are just a few of the professionals who require professional liability protection. If an architect created a faulty design that resulted in building collapse, his professional liability policy would cover any resulting financial damages. Or, if an accounting firm provides an inadequate audit that results in credit being extended and financial losses ensue as a result, the accounting firm could face professional liability.
Could you survive a lawsuit without specialized liability insurance?
Whatever your business, you probably give advice numerous times each year. Every time, you’re at risk of making a human mistake. If you make a mistake or suffer an oversight, will you be protected? Can you afford the legal fees, the tarnished reputation and the possibility of losing your career? With the right liability insurance, you’ll be prepared for E&O and malpractice claims.
A smart solution
If you need E&O or professional liability insurance, or if you just want to learn more, RJ Ahmann can help. Our experienced liability experts will help you obtain comprehensive, cost-effective insurance coverage – tailored for your profession’s unique needs.. We represent a variety of “A” rated carriers who also provide all other necessary coverages including medical malpractice insurance.
To ensure that you get the strongest insurance protection at the best rates, we...
- Offer in-depth knowledge of professional liability exposures and a wide range of cost-effective solutions.
- Maintain strategic partnerships with leading intermediaries who provide worldwide access to leading insurance companies.
- Serve many types of clients, ranging from architects and engineers to consultants to creative professionals, so we have a broad understanding of the issues you face.
Ready to learn more? RJ Ahmann is ready to help with solutions for professional liability and Errors and Omissions Insurance!