Calgary Errors & Omissions Insurance
After all the hard work you’ve put into your business, protecting it is one of your top priorities. That being said, you’re only human. Mistakes happen, whether they’re unintentional or the result of negligence. If your business is responsible for an error, will you be covered?
With errors and omissions insurance, you can receive financial assistance if a mistake causes your client a financial loss or damages.
To navigate an errors and omissions insurance policy, you need an experienced insurance broker. At Westland Insurance, our advisors aim to simplify the insurance process. With our help, it’s easier to find the coverage you need at a price you can afford. Enjoy peace of mind knowing that all your insurance needs will be met.
What Is Errors & Omissions Insurance?
Get protection against libel, slander, a breach of contract, or other litigation issues with errors and omissions insurance. With E&O insurance, you can safeguard your business against the financial consequences of an error. Our advisors will get to know your company to ensure you have the proper coverage.
Who Needs E&O Insurance?
You might be wondering if this coverage is right for your business. To answer that, ask yourself this question: Does your business offer a paid product or service to clients? As experienced, careful, and highly trained as you and your employees are, mistakes happen.
Whether you’re a house painter or an accountant, your services carry an inherent level of risk. Depending on that risk level, you may need more or less insurance coverage.
What Does E&O Insurance Cover?
This specialized coverage goes beyond a standard general liability insurance policy. With E&O insurance, you’ll be covered for claims such as:
- Personal injury
- Legal expenses
- Negligent acts
- Damages
Compared to other types of liability insurance, E&O coverage is more affordable than most. It’s a cost-effective way to safeguard your business against unforeseen expenses.
What Does Errors & Omissions Insurance Not Cover?
Not all mistakes are covered by this insurance policy. If one of your employees intentionally makes a mistake or your business is involved in criminal activity, your claim will not be covered.
Why Is Errors & Omissions Insurance Important?
Every business can benefit from this insurance. We offer errors and omissions insurance for businesses in all kinds of industries, including:
- Accountants
- Medical professionals
- Law firms
Trying to budget for your error and omissions insurance policy? The cost of your omissions insurance will vary depending on your level of experience, overall revenue, and industry.
You can’t manage every moving part of your business. For some business owners, it can be stressful to pass tasks on to someone else. But if an error occurs, you can rest assured knowing your court costs and other expenses will be covered.
Insure Your Business Today
It’s not easy to find the right coverage for your business on your own. Need help choosing a general liability insurance policy? At Westland Insurance, our service areas include:
With an experienced insurance broker at your side, you’ll feel confident knowing you have the right coverage for your business. Ready to insure your business? To request an insurance quote, contact Westland Insurance today.
We’re Here to Help
Whether you’re looking for insurance for your first home or wanting to discuss your existing policy, our team is ready to help. Connect with us today.
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