{"id":167,"date":"2021-09-19T17:37:04","date_gmt":"2021-09-19T21:37:04","guid":{"rendered":"https:\/\/bestdamnreviews.com\/?page_id=167"},"modified":"2021-10-03T14:25:55","modified_gmt":"2021-10-03T18:25:55","slug":"errors-omissions-insurance-cost","status":"publish","type":"page","link":"https:\/\/bestdamnreviews.com\/errors-omissions-insurance-cost\/","title":{"rendered":"Errors and Omissions Insurance Quote"},"content":{"rendered":"

E&O Insurance Coverage<\/span><\/h1>\n
\"errors
Oh, Noooooooooooooooooo!!!!<\/figcaption><\/figure>\n

E&O Insurance? It sounds like a Sesame Street skit! We wish talking about errors and omissions insurance was as fun as Sesame Street\u2026<\/p>\n

Actually, it\u2019s pretty serious stuff. You likely already know people looooove to sue! Guess what? You can be sued at any time if your business offers services or advice.<\/p>\n

You go get your mail and there it is\u2026 you\u2019ve been summoned to appear in court. Life just got really damn complicated.<\/p>\n

Even if you settle out of court, it will likely be VERY expensive if you are not properly covered.<\/p>\n

So, what is it and do you need it? Let\u2019s find out\u2026<\/p>\n

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Get FREE E&O Insurance Quotes<\/strong><\/span><\/span><\/p>\n

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Pfffffft. Errors And Omissions Insurance? Who Needs It?<\/span><\/h2>\n

Professionals such as architects, real estate agents, accountants, lawyers and surveyors all use \u201cSesame Street\u2019s\u201d E and O insurance. Well, the smart ones do!<\/p>\n

Ever heard of medical malpractice insurance? Guess what? That\u2019s another name for E and O insurance. It may sometimes be called medical malpractice, but it is not only for medical lawsuits.<\/p>\n

What does it do? We will tell you- it covers mistakes you may make that cause your client money or other types of loss.<\/p>\n

Hey, we are all human, We all make mistakes. Even professionals do! There is no shortage of mistakes made in the professional world. Just open a paper or check the news on the internet. The media loves to cover big stories about screw-ups people make.<\/p>\n

There are countless times when E&O insurance coverage has saved the butt end of a professional\u2019s business. In the medical field, patients have woken up from surgery to find the wrong foot removed. E and O to the rescue. (Not for the poor patient!)<\/p>\n

Or, take for instance this story of the Malibu real estate agent<\/a> who misrepresented the square footage of a property he sold.<\/p>\n

Oops!<\/span><\/h2>\n

E and O insurance covered the real estate agent\u2019s mistake. He won his first time in court but then lost an appeal. Now it is going to the supreme court. That\u2019s not going to be cheap. Without coverage, he would likely be on the street unless he has the $5 million he\u2019s being sued for sitting in his back pocket.<\/p>\n

Everyone makes mistakes, professionals included. When lots of money is on the line, you need to be sure you are covered.<\/p>\n

Common Reasons Professionals Are Sued, That E & O Insurance Will Cover:<\/span><\/h2>\n