Tag Archives: E&O Insurance
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 …
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 …
Inside Look at Management Consultant E&O Insurance
Protect Your Firm with Management Consultant Errors & Omissions Insurance Coverage
As a management consultant firm, people rely on your area of expertise to deliver results. You go through an entire process to determine your prospective client’s needs and expectations and how you can address these needs. In many cases, there is an RFP that allows you to respond with a creative solution to a business problem or issue. In …
Inside Attorney Errors and Omissions Claims
Conflict of Interest and Attorney E&O Lawsuits
Errors and Omissions (E&O) insurance policies are designed to respond to claims alleging that a professional has caused damage to a client by providing or failing to provide professional services in accordance with applicable laws and regulations, or by delivering a service that fell below the standard care of their profession. For lawyers, typical legal malpractice claims involve failure to file within statute …
A Close Look at Errors and Omissions Insurance
E&O Insurance Essential Coverage for Professionals
Errors and Omissions (E&O) insurance, also known as Professional Liability and Malpractice insurance, is must-have protection for appraisers, architects and engineers, attorneys, insurance agents, physicians and other medical professionals, mortgage brokers and real estate agents, technology consultants, and many others. Additionally, there are also quite a number of businesses that have E&O exposures, including advertising agencies, PR firms, market research companies, web hosting …
Lawyers E&O Insurance: Evaluate Exposures When Offering Unbundling Legal Services
Risk Management & Best Practices Key for Unbundling Services
Unbundling legal services is a way for attorneys to limit the scope of the services they provide to clients who are looking for this type of representation. Think of it as offering one’s services a la carte. In unbundling, the client’s legal matter is broken down into separate tasks, with an attorney providing representation to the client that is only related …
Errors & Omissions Insurance Infographic
Errors & Omissions Insurance Infographic
Errors and Omissions Insurance covers a wide array of professional industries. Errors and Omissions insurance is professional liability coverage for claims relating to either providing a professional service or failing to provide a professional service.
From Lawyers to Insurance Brokers, an Errors & Omissions policy is designed to help protect you or your company from bearing the full cost of defense and damages for lawsuits …
Construction Spending’s Up, Time to Review Architects E&O Insurance
Managing Risk As Architects & Engineers Begin Seeing More Work
Recent data from the Commerce Department shows construction spending is up, with residential projects giving the industry sector a real boost. According to recent stats, construction spending increased 0.6% in August compared with July when spending increased a strong 1.4%. Furthermore, total construction rose to a seasonally adjusted annual rate of $916.1 billion, the fastest pace in four years.
The …
A Look at Errors and Omissions Insurance for Title Agents
Reviewing Professional Liability Insurance for Title Agents
As specialists in professional liability insurance, the coverage we provide for each profession reflects their services and the specific exposures they face. At Axis Insurance Services, LLC, we provide Errors & Omission (E&O) insurance for many types of professions – from insurance agents and attorneys to architects and engineers, to name a few. We also write specialized E&O coverage for a broad spectrum …
