Errors and Omissions Insurance

Errors and Omissions InsuranceErrors and omissions insurance is business liability insurance for professionals such as insurance agents, real estate agents and brokers, architects, third party administrators, quality control workers, NDE Persons, and other business professionals. An error or omission -- a mistake -- which causes financial harm to another, can occur on almost any transaction in any profession. This type of insurance helps to protect; a professional, an individual or a company, from bearing the full cost (up to the amount of the  policy) of defense for lawsuits and related cost of lives or property lost relating to an error or omission in providing covered professional services.

This insurance is extremely cost-prohibitive, and unless required by contractual needs should be avoided. This is a separate coverage from a standard general liability or property insurance policy. 

“…the amount of insurance people purchase reflects much less the results of their shopping around than the extent to which they trust their agent.”  Outposts, the WashingtonPost

8811 Colesville Road, Suite Two,  Silver Spring, MD 20910  
1-800-281-0670 | Phone: (301) 587-6050 | Fax: (301) 587-8456 | E-mail:info@statlandkatz.com