Judge's Table

Errors and Omissions

Your E&O coverage should be as unique as your professional service.

Errors and Omissions (E&O) insurance protects you against the errors you make when providing a professional service to your clients and customers. Otherwise known as Professional Liability Insurance, Errors and Omissions insurance covers defense costs, judgment, settlements and fines or penalties resulting from the allegations of misrepresentation, breach of professional services, wrongful business practices, misleading advice and conflict of interest.

Customized for your business.

Errors and Omissions insurance policies are customized, reflecting the unique professional services risks and exposures your business faces. Business size, industry, location, risk base and desired coverage limits will all make up your individual Errors and Omissions insurance policy. INSKING provides Errors and Omissions insurance coverage to the following industries:

• Accounting
• Architecture
• Creative
• Dental
• Engineering
• Financial
• Medical
• Media
• Technology

We all make mistakes.

That’s why you have Errors and Omissions insurance. Should you provide a service, or offer a client advice that backfires, your Errors and Omissions insurance will back you. In each of the cases, the company’s Errors and Omissions insurance covered the liable business, financing defense costs, settlements and regulatory penalties, when applicable. Consider the following real professional liability scenarios:

Tax Firms
A tax firm gave inaccurate advice to a small business, which resulted in IRS fines and an audit exposure.

Clothing Manufacturers
A clothing manufacturer inadvertently sewed incorrect care labels onto their garments and clothes shrank. The retail store chain selling the product sued them for numerous customer complaints and diminished sales.

Repair Services
A plumbing repair leaked and flooded the entire office.

Financial Services
Disgruntled investors were dismayed at their monthly investment returns.