EO insurance is commonly referred to as professional liability insurance as it has the ability to cover professionals like accountants lawyers IT consultants property managers appraisers and title agents.

What does manufacturers e&o cover. Manufacturers E O coverage is designed to pick up these gaps in the manufacturers product liability coverage. EO insurance generally covers judgments attorney fees court costs and settlements up to the limits of the policy. Whether youre a printer a plumber or some other professional who provides a service for a fee you likely need errors and omissions liability insurance.

For example your company is contracted to machine 10000 parts to a customers specification. But what happens if a mistake is made. Not available in all states.

It protects you and your business from claims if a client sues for negligent acts errors or omissions committed during business activities that result in a financial loss. EO insurance may or may. EO insurance is a kind of specialized liability protection against losses not covered by traditional liability insurance.

Your customers depend on you to manufacture their order to their specifications. Why is EO insurance important. Does EO cover negligence.

This insurance can help cover your court costs or settlements which can be very costly for your business to pay on its own. 1 To learn more about EO and find the coverage that fits your businesss needs reach out to your Independent Agent today. It responds to an insureds legal obligation to pay financial damages to any third party arising out of your negligence in designing or manufacturing your companys product.

With our manufacturers errors and omissions coverage you have liability protection to help repair or replace defective products. EO policies are underwritten by Integrity Insurance Columbus OH and are subject to underwriting approval. So if they can find a way to declining you coverage they probably will.