Errors & Omissions Insurance

LiDAR-Errors-And-Omissions-Insurance

Insure your LiDAR operation with a top-rated insurance company. Our team of experts create customized insurance policies to cover your professional liability.

 
 

What is errors and omissions insurance?

Errors & Omissions Insurance (also known as E&O Insurance) is a type of Professional Liability insurance that protects your company from mistakes or claims made with your client’s work. Put simply, if you are giving advice or providing a service to another business, this insurance policy protects your business from damages due to negligence or other inadequate work.

Contrary to popular belief, a Commercial General Liability policy does not cover mistakes made with your professional services.

What does an E&O policy cover?

Depending on your business operations, coverage may be customized on your policy to match the services you provide. In general, an Errors and Omissions policy typically cover claims related to the following:

  • Damages & Money

  • Legal Defense Costs

  • Personal Injury (slander, libel)

  • Alleged or Actual Negligence

  • Copyright Infringement

  • Temporary Staff or Independent Contractors

How much does an Errors & Omissions policy cost?

The price of an Errors and Omissions policy depends on the operations, annual sales, and safeguards to prevent claims (such as contracts, verification, etc.). It’s also dependant on the experience of the business and the history of claims.

The price for E&O insurance typically ranges from $1,000 to $10,000 a year.

 

Apply for Errors & Omissions Insurance

We make the process simple for you. Fill out the form below, call or email, and an agent will analyze your operation and collect the details needed to provide quotes.