Errors & Omissions Occurrence Policy

Errors & Omissions Occurrence Policy

Errors & omissions insurance is a form of professional liability (also known as professional indemnity or malpractice insurance) that protects specialized professionals who may face financial or legal liability as a result of their services or a failure to meet client expectations. This can include marketing professionals, nurses, and even insurance agents. E&O can be written as a claims-made or occurrence policy, and the two provide different kinds of protection and flexibility. This page focuses on occurrence policies. Visit our E&O claims-made page or our main errors & omissions insurance page to learn more about the differences.

How does an occurrence policy work?

An E&O occurrence plan provides coverage for claim events that occurred while the policy was active, even if the claim itself is filed long after and the policy has expired (with some exceptions). This can benefit professionals or businesses like architects and contractors who may find themselves facing a lawsuit years after the completion of a project. Contrastingly, a claims-made policy provides coverage as long as a claim is filed within the term of the insurance plan, even if the claim event happened in the past before the plan was in effect. If you’d like a free quote for errors & omissions coverage, give us a call or complete the LaunchPad request form. We’ll connect you to a qualified insurance provider that can help determine the type of plan that’s right for you and find you an affordable rate.