Errors & Omissions Liability

People who are paid for their advice assume certain risks. For example, a consultant’s customer may incur a financial loss if they misunderstand, or misapply the advice provided. When they look to the consultant for reimbursement of expenses and/or lost income, the standard commercial general and umbrella liability policies will not respond as these polices protect for claims arising out of bodily injury,  property damage and personal injury.

Consultants need to purchase Errors & Omissions Liability insurance to have protection from lawsuits alleging their advice or work product caused financial harm. We represent a number of insurance companies that offer this coverage and can assist consultants in understanding the risks they face. If you are unsure if you are adequately covered, contact us for a no-cost consultation.