EO on the other hand covers acts errors and omissions committed by employees of the company.

What does e&o not cover. Here are a few more common things EO covers. An EO insurance policy will also not cover copyright trademark or patent infringement libel or slander illegal discrimination pollution violation of any securities act insolvency or bodily harm to any person. I have an E.

Agent mistakes where the client is at a financial loss. Do real estate agents need EO insurance. EO insurance protects your business against a lot of risks and lawsuits but it doesnt cover everything.

No errors and omissions policy covers illegal activity. What Does EO Insurance Cover. There is generally no coverage on an EO policyfor bodily injury property damage or personal andadvertising injury.

For example if a client experiences a slip and fall accident in your restaurant EO insurance will not cover the cost of a lawsuit. EO insurance does not cover purposefully misleading or purposefully erroneous acts. However this insurance policy will not cover directors and officers of the company.

EO insurance is not a replacement for general liability insurance which typically covers property damage and bodily injuries. EO insurance generally covers judgments attorney fees court costs and settlements up to the limits of the policy. It will not help if youre sued for.

Examples of Events Not Covered by EO Insurance Deceiving customers on purpose prevents you from being covered in the case of a claim. As such they may need even more insurance coverage such as errors and omissions EO insurance. Do I still need DO.