You’d be forgiven for thinking that general liability insurance covers every liability risk you face, but that could be an expensive mistake. This is where errors & omissions (or E&O) liability insurance comes in.

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In simple terms, general liability insurance covers the costs of physical damage, whether that be to a person or your business property. Errors & omissions liability insurance (E&O) covers financial losses that other people–such as clients–suffer because of your actions (or lack of action).

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This most commonly involves professional advice that you give to clients. But, with some policies, it also involves unintentional violations of copyright and other intellectual property law, or defamation such as libel.

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For companies that provide advice, E&O liability insurance is essential. But, it can also prove to be very useful for companies that supply software and similar tools that clients might then use for their own businesses.

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A good E&O liability insurance policy will cover both the costs of any damages themselves and the costs of defending claims for your business. We can help to find the right errors & omissions liability insurance policy for your business to ensure that this is the case.