If you make an error, we’ll make it better.

A small business disagreement can quickly turn into a big problem. Get E&O coverage that protects you from unexpected expenses.

Business Mistakes

You didn’t disclose a defect in a major real estate sale.

Accusations of Negligence

A promising stock tanks, wiping out your client’s investment.

Missed Deadlines

You forgot to renew a client's car policy & they get in an accident.

Here’s Everything you need to know about E&O Insurance:

Here’s Everything you need to know about E&O Insurance

Errors and omissions (E&O) insurance is a type of professional liability insurance that protects businesses and individuals against claims made by clients for failure to perform professional duties, or for errors and omissions in their work. It can provide coverage for damages and legal defense costs. E&O insurance is often necessary for professionals who give advice or provide services to clients, as it can protect against financial loss if a mistake is made. It is an important form of protection for any business, as it can help to protect against the financial impact of a legal claim. Whether you are a small business owner, freelancer, or consultant, E&O insurance can give you peace of mind and help to protect your business from unexpected legal challenges.

E&O insurance is important because it can protect businesses and individuals from the financial impact of legal claims made by clients. Even if a mistake is unintentional, the costs of defending against a lawsuit and any damages that may be awarded can be significant. E&O insurance can help to cover these costs and provide financial protection against the potential impact of a legal claim.

In addition to the financial protection it provides, E&O insurance can also help to protect the professional reputation of a business or individual. A legal claim, whether it is successful or not, can damage the reputation of a business or individual and impact their ability to attract new clients. E&O insurance can help to cover the costs of repairing that damage and protect against potential future claims.

Overall, E&O insurance is an important form of protection for businesses and individuals who provide advice or services to clients, as it can protect against financial loss and damage to professional reputation.

Most businesses that provide a service or offer professional advice can benefit from an E&O policy.

Common business types that purchase an E&O policy from INSUREDIRECT.COM Insurance include:

  • Insurance agents
  • Real estate agents
  • Architects and engineers
  • Property managers

E&O insurance starts at $19 a month but may vary based on your coverage needs, your exposure to risk and your claims history.

The cost of your errors and omissions insurance monthly premium is determined by several factors involving your business operations, including:

Your exposure to risk
Businesses with more exposure to risk typically pay higher rates for E&O insurance than low-risk businesses. If your business is part of a field where a mistake is considered major and costly, you will likely pay more than if a mistake can be easily fixed at less cost.

Your claims and insurance history
Having a history of insurance claims, canceling your policies early, and other related factors can lead to higher business insurance rates.

Your coverage limits and insurance package
If you want more insurance coverage, you’ll have to pay more for higher coverage limits — the amount you or someone else would receive after a claim. When you get an instant quote online with NEXT Insurance, you will typically receive two or three options with our coverage recommendations.

Choose the option that works best for your coverage needs and your budget. You can save 10% on insurance costs by bundling your E&O coverage with another policy, such as general liability, workers’ compensation or commercial auto insurance.

When you are ready to purchase your policy you can choose an E&O insurance monthly premium or annual payment options.

Errors and omissions (E&O) insurance and professional liability insurance are often used interchangeably, and they both provide protection against claims made by clients for failure to perform professional duties or for errors and omissions in their work.

However, there can be some subtle differences between the two types of coverage. E&O insurance is often used to refer specifically to insurance for professionals who give advice or provide services to clients, such as consultants, coaches, and architects. Professional liability insurance can be broader in scope and may also cover other types of professionals, such as doctors and lawyers.

It is important for businesses and individuals to carefully review the terms of their insurance policy to understand the specific types of coverage that are provided.

With Insurance, you can purchase errors and omissions coverage online and get your certificate of insurance 10 minutes, or less. 

Start an instant quote to see options for your business. Here’s how the process works:

We’ll ask you some basic questions about your business and operations, including: 

  • Your industry
  • Where you do business
  • How many years you have owned the business
  • Number of employees
  • Expected annual revenue
  • Recent insurance and claims history

After you share your information, you’ll have instant access to a customized insurance quote for E&O and other recommended coverage. 

If you like what you see, you can adjust the package limits and make your purchase. Your insurance will begin immediately after payment, and you’ll have access to your certificate of insurance.

Start a free instant quote today.

There’s a lot to love about E&O Insurance

Get insurance in less than 10 minutes and you can save up to 25% in discounts*

Unique, flexible coverage with easy monthly payments

Do it all 100% online or talk to a licensed U.S.-based advisor

* To the extent permitted by law, applicants are individually underwritten, not all applicants may qualify. Individual rates and savings vary and are subject to change. Discounts and savings are available where state laws and regulations allow, and may vary by state. Certain discounts apply to specific coverages only.