Errors and Omissions (E&O)

Errors and Omissions Insurance, also known as E&O Insurance or Professional Liability Insurance, protects businesses, employees, and professional service providers from claims related to mistakes, oversights, or negligent actions. If a client alleges that your work caused financial harm, E&O insurance helps cover the cost of defending your business.

What Is Errors and Omissions Insurance

E&O insurance provides liability protection when a business or professional is accused of providing incorrect advice, delivering incomplete services, or making a professional mistake that results in financial loss for a client. Without this coverage, companies may face expensive lawsuits, damaged reputations, and significant out of pocket costs.

What Costs Does E&O Insurance Cover

An Errors and Omissions insurance policy may help cover:

• Attorney fees
• Court costs
• Legal defense expenses
• Settlements
• Judgments

Coverage varies based on the insurance carrier and the specific policy selected, so it is important to review your options carefully.

How Much Does E&O Insurance Cost

The cost of E&O insurance depends on several factors, including:

• Size of the business
• Business location
• Industry type
• Annual revenue and number of contracts
• Employee training and certifications
• Quality control procedures
• Prior claims or litigation history

A licensed advisor at Aspen Insurance Agency can help evaluate your risks and determine the most suitable coverage and pricing for your business.

What Risks Does E&O Insurance Cover

Although policies vary, E&O insurance generally protects against claims involving:

• Negligence
• Professional mistakes or oversights
• Missed deadlines
• Incomplete or inadequate work
• Inaccurate professional advice
• Misrepresentation
• Breach of contract
• Copyright violations
• Personal injury claims such as libel or slander

Because every business faces different risks, it is important to work with an insurance advisor who can tailor coverage to your specific needs.

Get an E&O Insurance Quote

Protect your business from costly lawsuits and unexpected claims with Errors and Omissions insurance. Contact Aspen Insurance Agency today to request a quote and learn more about your coverage options.

About Aspen Insurance Agency

Aspen Insurance Agency is based in Denver, Colorado, and serves clients nationwide. As a family owned agency, we work with multiple insurance carriers to offer affordable and comprehensive insurance solutions. We provide personal, commercial, and professional insurance to residential and commercial clients, helping you secure the coverage you need at the lowest possible cost.