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When do you need Error & Omissions insurance?
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Posted : 23/04/2007 10:16 am
Re: Error & Omissions
Errors and omissions insurance protects business professionals whose clients could claim damages as a result of the business professional's faulty performance.
The faulty performance may be because of a neglient act, error, or omission by the professional; hence, the name of the insurance.
Errors and omissions insurance protects the business professional by shielding his or her assets and paying for his or her defense if a client makes a claim. It protects the professional's clients by ensuring that there will be adequate funds to pay for damages incurred if the professional's services are deemed to be faulty.
Posted : 26/04/2007 11:58 am
Re: Error & Omissions
This insurance usually applies to professional service companies - we dont have it right now but we are looking into it.
Posted : 29/04/2007 10:46 am
Re: Error & Omissions
When you make an error:)
Posted : 01/05/2007 12:10 pm
Re: Error & Omissions
Do consultants need it?
Posted : 10/05/2007 10:21 am
Re: Error & Omissions
We have it for our firm
Posted : 12/05/2007 11:25 am
Re: Error & Omissions
We have it as well
Posted : 21/05/2007 10:11 am
Re: Error & Omissions
It is quite a important concept to take error and omission cover for the company.
Posted : 21/03/2012 12:57 pm
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