Insurance Quotes in Ontario
We all make mistakes but if that mistake causes a significant loss to a client, they may seek compensation. Professional liability insurance, otherwise known as errors and omissions insurance (E&O insurance), helps protect professional advice and service-providing individuals and companies from costs that may arise due to errors or omissions.
What Is Professional Liability Insurance and Why Do I Need It?
If you provide professional advice as part of your business, could you afford to cover the costs of a legal action against you? Professional Liability Insurance can cover the costs of defending a negligence claim made by a client and any damages awarded in such a lawsuit.
Many types of businesses need errors and omissions insurance. If your company business works directly with customers while providing services, you should consider professional liability insurance. The following are a few types of professionals that will likely require E&O Insurance:
- Technology professionals
- Legal professionals
- Real estate professionals
- Medical professionals
- Financial Advisors
How Much Does Professional Liability Insurance Cost?
The cost for your E&O Insurance will vary depending on what industry your business in. For example a business providing financial advice will have different risks to a real estate professional.
Always seek to have the appropriate coverage over the cheapest coverage for your business. Our BIG brokers will take the time to understand your business to be able to guaranty that you are covered in the event of a claim. We will always take the time to shop your E&O insurance with our providers to be sure you’re getting the best rate for your coverage.
How Do I Get E&O Insurance with Billyard Insurance Group?
Our Billyard Insurance brokers will always start the conversation with getting to know more about your business. This allows us to get an understanding of your risk exposures. Once we have your completed application, our brokers will shop your quote with several insurance companies that specialize with your class of business. Contact us today to get the E&O insurance advice you need.