With the shift to a service-based economy, consumers are demanding accountability and standards have become more stringent. And as a result, many companies have ...

The national average cost for errors and omissions insurance coverage is $61 per month, or $735 per year. The main factors that determine the cost of coverage include the industry and geographic ...

E&O insurance protects businesses from lawsuits due to bad advice or faulty services. Costs for E&O coverage are rising, with some industries seeing consecutive annual increases. Many professionals, ...

The 2023 Hiscox Underinsurance in Small Business Report found that two-thirds of small businesses do not have professional liability, also known as errors and omissions or E&O insurance coverage. Most ...

WORCESTER, Mass., Nov. 10, 2020 /PRNewswire/ -- A recent study from The Hanover Insurance Group, Inc. (NYSE: THG) found nearly half of professional service providers faced allegations of ...

Buyer Beware! One experienced matchmaker pairing RIAs with providers of E&O insurance policies likens the space to the Wild West, especially when one looks at the “non-admitted” provider marketplace.

Q: For many years, my travel agency has had an errors and omissions insurance policy, aka an E&O policy or a professional liability policy. The premium has increased each year, and I am now ...

Errors and omissions in preparing tax returns can occur easily. You might accidentally enter a number incorrectly, misinterpret a law, or misconstrue the client’s facts. Later, before an IRS audit, ...

In the dynamic world of business, mistakes are bound to happen. But when these errors result in financial setbacks for clients, it can result in pricey lawsuits for businesses. Errors and omissions (E ...

How can business owners determine if they have these types of exposures? If I were a business owner trying to identify the extent of my E&O exposure — or whether I even had an exposure — I’d ask one ...