General liability insurance covers losses due to claims of bodily injury or property damage. But what happens when a printer neglects to discover a printing error on an order that was already fulfilled? Or a machine shop makes gears for a customer using a faulty hardening process, causing the gear to break down? Federated Insurance® offers errors and omissions insurance to help protect you and your business from issues like these.
What is Errors and Omissions Insurance?
Errors and omissions insurance, also known as E&O, helps protect you in the event of mistakes or deficiencies in your products or services. An errors and omissions insurance policy can help cover expenses related to litigation and rework which could add up quickly if you had to pay out of pocket.
Why Do I Need Errors and Omissions Insurance?
Without this type of specialized coverage, the cost of potential litigation, rework, or compensation could be so expensive that some businesses never recover. Having errors and omissions insurance can help your business avoid a significant financial hit or even bankruptcy.
What Does an Errors and Omissions Insurance Policy Cover?
A customized errors and omissions insurance policy created by Federated Insurance will provide coverage for expenses related to:
- Faulty workmanship
- Faulty material or design
- Faulty or defective products
- Architectural, drafting, or engineering services when contracted work is completed by you or your employees
*The specific coverage provided will depend on your policy
Learn more about other types of insurance products we offer:
- Commercial Property Insurance
- Commercial Umbrella Insurance
- Surety Bonds & Services
- Environmental Liability Insurance
- General Liability Insurance
Make sure your company is covered from damages due to errors and omissions. Reach out to us today, or give us a call at 1-800-533-0472.
“The information herein is intended to provide general information and recommendations for risk prevention only. It should not be considered legal advice or an offer of insurance. The recommendations herein may help reduce the risk of loss, but there is no guarantee that they will result in reduced losses, claims, premiums, experience modification factors or general insurance costs. Coverage will be determined solely by the terms of your policy, if approved for issue. Consult with a qualified professional to discuss questions specific to your circumstances.”
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