Errors & Omissions Liability

Errors & Omissions Liability Insurance in Rochester, New York

You try your best to exceed your customers’ expectations, but sometimes mistakes occur. While you have your property and equipment insurance in place, what happens when the printer fails to see a typing error on a mass order of wedding invitations? Or when a plumbing repair fails and floods an entire office? Or what about when a shipment goes missing and causes your client to miss an important deadline? While you may be in deep trouble with your client, issues like these can be resolved with the purchase of Errors and Omissions Insurance (E&O).

Errors and omissions insurance is a specialized liability protection against losses not covered by traditional liability policies. In short, this insurance safeguards your business from claims if a client sues for negligent acts, errors, and omissions committed during business activities that result in a financial loss for the client. We are all mere mortals, and we all make mistakes. We understand that they happen, but we’re never prepared for the fallout that happens after. Costly mistakes happen more than we’d like them to, but luckily, insurance is there to help you pick up the tab for the damages.

Errors and omissions insurance coverage can help to pay for lawsuit expenses, which may include:

  • Lawyer fees: Lawyers typically charge by the hour. If the case is long and complicated, you could easily rack up a hefty bill.
  • Court costs: Filing documents with the court comes with a fee.
  • Administrative costs: Lawsuits involve lots of trading documents for lawyers to examine. Costs include shipping, processing, and photocopying charges.
  • Settlements: Depending on the case, charges for settlements may cost thousands.
  • Judgments: If you go to trial and lose, you must pay a court judgment or a risk judgment lien being placed on the assets of your business.

Even if your professionals are highly skilled or if you believe you’re in a low-risk industry, every business needs protection from costly claims. Secure your errors and omissions liability insurance today.

Errors & Omissions Liability insurance - Rochester, NY

At Vail Agency, Inc. our experienced customer service experts look forward to discussing your specific needs. Call us today at (585) 889-4650