AXIS INSURANCE SERVICES, LLC: E&O Coverage: Miscellaneous Services
It’s inevitable that at some point in a company’s lifespan an error will occur that will cause financial damage or loss to a client. Anyone in your company could make a mistake, overlook or misplace critical information, forget a crucial step, or be misinterpreted. Without the proper coverage, this mistake or oversight can be devastating to a firm’s bottom line and your reputation.
That’s where Errors & Omissions (E&O) insurance steps in. E&O insurance covers damages and legal fees for negligence claims arising from professional services. The policy in addition to covering the business and employees can also be extended to include protection for independent contractors, part-time workers, or even volunteers.