Errors and Omissions Insurance in New Braunfels, TX

As a business owner or professional, you should strive to provide top-notch services and expert advice to your clients. Even the most careful professionals can make mistakes or encounter unforeseen legal claims. That’s where errors and omissions (E&O) insurance steps in. Whether you’re a consultant, real estate agent or technology firm, understanding errors and omissions insurance is crucial for your long-term success.

Why Do I Need Errors and Omissions Insurance?

Errors and omissions insurance, or professional liability insurance, can be essential for businesses offering professional services or advice. It can provide legal protection by covering legal defense costs if a client files a lawsuit claiming financial harm due to your services. E&O insurance helps mitigate risks associated with errors, omissions or negligence, and offers a financial safety net for unexpected claims. Having this coverage instills confidence in clients and demonstrates professionalism. Additionally, compliance with industry requirements and peace of mind are compelling reasons to invest in E&O insurance.

What Does Errors and Omissions Insurance Cover?

E&O insurance can financially protect professionals who offer advice or services from lawsuits filed by clients. These lawsuits may claim that the company or one of its employees was negligent, provided erroneous counsel, failed to disclose information, or misrepresented its services or products. Errors and omissions insurance specifically helps financially cover claims arising from mistakes made while providing professional services.

What Does Errors and Omissions Insurance Cost?

The cost of errors and omissions insurance can vary based on the following factors:

• Business size and employees
• Business revenue
• Industry and risk profile
• Business location
• Claims history
• Coverage limits

Where to Buy Errors and Omissions Insurance

Contact Texas Risk Solutions today to discuss errors and omissions insurance for your business.