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. 

“I have repeatedly chosen Statland and Katz over other nationally recognized insurance companies for its ability to offer customized insurance products that meet our community’s needs. I’m proud – and very happy – that our association obtained earthquake coverage from Statland & Katz, at a nominal price. We did not need to call Statland & Katz for a claim  when our area was shaken by an earthquake in July of 2010– but our community felt better knowing we could have done so if needed.” - Terry M. Green President, Board of Directors, King Farm IV, II Rockville, Maryland

5000 Sunnyside Ave., Suite 200 Beltsville, MD 20705
1-877-567-3749 | Phone: (301) 937-0400 | FAX: 301-937-5120 | E-mail:info@statlandkatz.com