Errors and omissions insurance UK
It’s not about your professionalism, training, or years of experience. It’s about human nature. Mistakes happen to the best of us, no matter how experienced.
E&O Insurance
Yes, you can be sued even if you didn’t do anything wrong.
The simplest clerical error or proofreading mistake (even made by a trainee) can cost you, if it results in financial loss or damage to the reputation of one of your customers. It’s so important to get yourself insured with erros and omissions insurance uk
That’s why it’s important to understand the extent of your business liability insurance—it only protects your operation against bodily injury, property damage or advertising injury.
But what happens when you, one of your employees, or a vendor fails to catch something that your customer doesn’t miss, and they hold you responsible?
They can not only refuse to pay, they may also sue you for damages.
But with an errors and omissions E&O insurance policy, you’ll enjoy specialised liability protection against losses not covered by traditional business insurance.
D&O Insurance
If you’re in the business of providing services to clients for a fee—doctors, lawyers, accountants, architects, engineers, wedding planners, printers, building-trades contractors, mortgage and real estate services, designers, advertising agencies—if your service is possible to be done incorrectly or late, and it costs your client money or harms their reputation, you need to investigate E&O.
Errors and omissions insurance UK
What does E&O cover?
Errors and omissions protects you from claims in the event a customer or client sues your service business for negligent acts, errors or omissions occurring during business activities, and which potentially result in a financial loss for the client.
Errors and omissions insurance uk policies usually cover the business owner, both salaried and hourly employees, and subcontractors working on behalf of the business.
Errors and omissions insurance can be customised to meet your specific needs, no matter what your business or industry. Estate agents face different risks than printing companies, but both have potential to impact their customers lives and livelihoods if a mistake occurs.
Benefits of a specialized E&O insurance policy from Crosby Insurance Brokers may also include:
- Monthly payment options to help spread out your payments so you can better manage your cash flow
- Cover of temporary staff, full-time employees, and independent contractors
- Past work covering unforeseen claims arising from work completed before you were even insured, to a pre-agreed date
- Worldwide cover
- Claims responsiveness when time is of the essence, especially in the event of an insurance claim
- Tailored cover for the specific risks of your field and industry
- Knowledgeable agents who provide exceptional, passionate service
- Cover for contracts satisfying most standard contract insurance requirements
- Fast and simple online quotes, or helpful agents, immediate coverage
e&o insurance
The Crosby Insurance Brokers Difference
You may think you want the cheapest insurance you can find, but realise you may not be getting everything you bargained for …
While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.
There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.
We protect people we know and care about, and that means we always look for ways to protect you better, including carefully choosing the e&o insurance companies we represent to be both affordable and responsive.
Click on the quote request button now and let the professionals at Crosby Insurance Brokers Newcastle upon Tyne help you forge the strongest shield possible to help you protect the things you care about most.