While not always legally required, E&O insurance is often a contractual obligation. Many clients or regulatory bodies may require businesses to carry E&O insurance as a condition of their contract or license.
Related FAQs
When selecting an E&O policy, consider the coverage limits, exclusions, deductibles, and the reputation of the insurance provider. It's crucial to choose a policy that aligns with the specific ...
Yes, if you have a "claims-made" policy and maintain continuous coverage, you can be protected for claims made after the policy period for incidents that occurred during the policy ...
E&O insurance covers claims related to professional errors, omissions, and negligence, while General Liability Insurance covers claims of bodily injury, property damage, and advertising injury. Both types of insurance ...