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Novus Insurance Brokers's Professional liability insurance, also called errors and omissions insurance (E & O insurance), protects your business if you are sued for negligence, even if you haven't made a mistake. It protects you in the event that a client is harmed from a service or advice that you provide for which you are held legally liable.
The professional liability insurance policy generally covers:
- Negligence - alleged mistakes or advice your company makes through professional services provided.
- Defense Costs - Suits against your company regardless of fault.
- Services previously performed - up to an agreed time frame your business will be covered for service completed. Insure your current, future, and even previous work with one policy!