Error and omissions insurance, professional indemnity, and professional liability are all names for insurance that protects service providers, whether a company or individual. When a client files a civil suit alleging negligence, misrepresentation, errors or a lack of “good faith,” professional liability insurance will pay attorney’s fees, court costs, and any monetary damages awarded through either an out-of-court settlement or court judgment.
For professionals like architects, engineers, accountants, lawyers, etc., professional liability insurance covers risks that a general liability policy does not.
E&O insurance must be customized for each company or individual based on the nature of the business. HCDT has the experience to tailor these policies to the risks each client faces. That expertise ensures that clients are appropriately insured at a reasonable cost.
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