NEXT reports on the differences among malpractice, professional liability, and errors and omissions insurance, highlighting ...

The national average cost for errors and omissions insurance coverage is $61 per month, or $735 per year. The main factors that determine the cost of coverage include the industry and geographic ...

With the shift to a service-based economy, consumers are demanding accountability and standards have become more stringent. And as a result, many companies have ...

WORCESTER, Mass., Nov. 10, 2020 /PRNewswire/ -- A recent study from The Hanover Insurance Group, Inc. (NYSE: THG) found nearly half of professional service providers faced allegations of ...

Professional liability insurance can help cover you and your business when a professional service mistake is made with a customer or client. Professional liability insurance is a different type of ...

The 2023 Hiscox Underinsurance in Small Business Report found that two-thirds of small businesses do not have professional liability, also known as errors and omissions or E&O insurance coverage. Most ...

E&O insurance protects against lawsuits from advice or services errors. Various professionals, including lawyers and doctors, should consider E&O coverage. E&O policies exclude coverage for fraud and ...

Today it is standard practice for building owners and developers to require evidence of commercial general liability insurance from contractors that are doing construction work for them. This ...

In any business, mistakes can happen. But for companies that provide professional services, even a minor error can have major consequences. That’s where errors and ...

It is always interesting to listen to the owners of mortgage companies who share their view of Mortgagee's Errors and Omissions, Professional Liability, and Fidelity Bond policies. Many have a ...

This spring some insurance companies have begun to introduce AI exclusions in professional liability policies intended to restrict or eliminate coverage otherwise available for professional services ...