Many businesses provide services that position employees as "experts" who are held to a higher standard of behavioral expectation. For example, doctors are exposed to malpractice claims;architects to claims of design error;or manufacturers and contractors to allegations of development and design errors. An errors and omissions policy provides defense and indemnity for a claim or suit against a business contracted to provide a service or product when the agreed-upon expectations were not fulfilled, and the injured party has suffered financial loss.
Laws on this subject are changing constantly. We can help your business determine if errors and omissions exposures exist for your firm.
