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Category Archives: E&O

Reducing E&O Liabilities for IT Businesses

IT consultants are hired to analyze, repair or create IT systems and structures for other businesses or organizations. They are even commonly tasked with more specific things such as writing code, installing programs and setting up hardware. Essentially, IT businesses focus on protecting other businesses from technological problems so that they can run smoothly. As business technology changes and evolves, IT consultants are taking on more and more responsibilities, which …

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How Your Company’s Website Could Be an E&O Exposure

A company website is an important aspect of a business’s online presence. Your business’s website is often the first impression your company gives to potential customers. It should be clear, clean, easy-to-navigate and contain enough information to answer common customer and potential customer questions and leave visitors with a good grasp of what your company is about.

In contrast, a website – even one that looks great – can actually …

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3 Things to Consider When Purchasing E&O Insurance


3 Things to Consider When Purchasing E&O Insurance
Errors and omissions (E&O) insurance is the essential policy that covers a business or individual consultant in the event that a client accuses them of being responsible for a wrongdoing in a service they provided, or failed to provide. E&O insurance may be called by different names; for example, in the medical field it is often referred to as malpractice insurance and for some types of professionals in may be …

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D&O and E&O Insurance: What’s the Difference?

D&O and E&O Insurance: What’s the Difference?

On the surface, it can be tough to tell the difference between directors & officers (D&O) and errors & omissions (E&O) insurance. Both policies, at their core, are designed to safeguard a business against losses from claims of negligent or malicious acts. However, this does not mean that the two policies are interchangeable. That is a common misconception, but the two policies each have distinct areas that they cover, and

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Reducing Insurance Agency E&O Exposures

Insurance agents and producers better than anyone else know that as professionals you are exposed to allegations and claims that an error or omission caused financial damage to an insured. Even with best practices in place, mistakes can happen considering the massive volume of transactions that occur in a typical agency over the course of a year.

The most frequent E&O liability claims for insurance agents include failure to place …

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Selecting the Right Real Estate E&O Insurance Policy

Selecting the Right Real Estate E&O Insurance PolicyReal Estate Errors & Omissions (E&O) or Professional Liability insurance is a critical component of any sound insurance program for those involved in real estate sales, property management and related fields. That’s because the single greatest liability exposure most real estate agents and brokers face are malpractice lawsuits filed by dissatisfied buyers or sellers. Allegations can include misrepresentations, negligence, failure to disclose and other violations of the agent’s or broker’s

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PLUS: 2015 Real Estate Trends

Back in November, Errors-Omissions.com’s own Mike Smith participated in a discussion hosted by the Professional Liability Underwriting Society.

Find out about the state of the 2015’s E&O trends to help you get ready for 2016’s opportunities and challenges by watching the video below:

The State of Real Estate Errors & Omissions from PLUS on Vimeo.

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Common Pitfalls Leading to Insurance Agent E&O Claims

Common Pitfalls Leading to Insurance Agent E&O ClaimsThe world of insurance is changing with new players entering the marketplace, including Google, Overstock.com, Wal-Mart and others. This has made it even more imperative for independent agents and brokers to differentiate themselves from these disrupters and other direct marketers, not only in personal lines, but also in the commercial lines space. Increasingly more agencies are presenting themselves as consultants, risk management advisors and experts to gain more business and …

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Accountants E&O Insurance: Minimizing the Risk of Lawsuits

Accountants E&O Insurance Minimizing the Risk of LawsuitsErrors and omissions lawsuits against accountants, CPAs, auditors, bookkeepers and related professionals typically arise out of disputes that involve mistakes or oversights on tax returns, failure to deliver on a promised service, and incomplete or incorrect work, among other oversights.  Errors & Omissions insurance, also known as Professional Liability coverage, for the accounting sector protects you and your business from bearing the full cost of defending a lawsuit and any …

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Mitigating Accounting E&O Risks with High-Profile, High Net Worth Clients

Incorporate Risk Management Measures to Stem E&O ClaimsIncorporate Risk Management Measures to Stem E&O Claims

In our previous article, we discussed two emerging risks for accountants, including the increased exposures that come with dealing with high-profile, high-wealth clients. Here, we’re providing you with several risk management steps to help mitigate the potential for E&O/professional liability exposures.

  • Assess whether you want an individual as a client. Consider the reputation and integrity of the client to be
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Error Omissions
Error Omissions
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Error Omissions
Error Omissions