Capital Insurance Group: Peace of Mind with E&O Insurance
Professionals across a broad spectrum of industries are relied upon for their experience, expertise and ability to deliver. Whether you’re an attorney working on a company merger, an architect designing a home or an accountant managing your client’s wealth, there is a standard of care that must be met. Yet things still can go wrong, even for those firms with strong best practices in place. The result can be costly when allegations are made claiming financial damages due to an error, omission or negligence as a result of the professional services you provide.
That’s when Errors & Omissions (E&O) insurance steps in. Also known as Professional Liability, E&O coverage is designed to protect a company and its practitioners from devastating expenses as result of litigation, settlements and damage awards. Without E&O insurance, you could be looking at having to pay significant expenses on your own – even if the allegations made against you are meritless. You have attorney fees, forensic analysis, media relations, investigative expenses, and the costs of expert witnesses that can be devastating for any firm, especially smaller companies.
A Custom Policy Designed to Respond
At Capital Insurance Group, we’ll go over your firm’s exposures and advise you on how to mitigate your risks. We’ll also put together a tailored E&O insurance proposal that addresses your risk profile within the industry you serve. We’ll discuss enhancements and additional available features that can provide you further protection. This includes having legal fees covered outside of your total limits of liability, which leaves your full limits of insurance available to cover settlements or awards. Also, for some professionals, it’s important to insure activities that occurred prior to implementing a new insurance policy. If this is the case, we will discuss adding “prior acts coverage,” which can be written to cover the actions or professionals in firms you are acquiring while they were operating independently of your company.
Errors and omissions insurance is available to professionals in many sectors, including the following
- Law Firms
- Accounting Practices
- Architect & Engineers
- Design/Build Contractors
- Medical Practices
- Healthcare Providers
- Real Estate Firms
- Technology Firms
- Many Others