Errors and Omissions

Errors and Omissions

Why Errors & Omissions Insurance?

You're a professional. You're experienced. You're meticulous. Your customers love you. What could possibly go wrong?

The reality is that nobody is perfect. A simple error or omission can always slip through, no matter how diligent you are. A small mistake, a misunderstanding can take an innocent slip-up to a full blown dispute. Maybe it's the reaction of a hot-headed client being unreasonable, but at the end of the day, a lawsuit threatens your livelihood. Why? Because of a simple oversight.

Let's face it. You're a professional. Anytime you do work for a client, you are expected to think of everything. If something, anything goes wrong, a simple error could lead to you being accused of negligence. A simple omission can permanently damage your relationship with a client. If this happens, you're going to have to defend yourself. This means attorney's fees at the least, and possibly more if the court doesn't see things your way. You may be forced to compensate a client for time lost as a result, and the client's legal costs may be passed along to you as well. It's hard to believe that something a simple error could create this big of a problem.

As a professional, the service you offer requires specialized skills, training, and knowledge. Clients expect a certain level of expertise, a standard, for what you know and what you don't know. For this reason, the smallest mistake can be the difference between a satisfied client and legal action.

The bottom line is if you provide a service or give advice, and you like having your business and personal assets, then you need Errors & Omissions Insurance. Errors & Omissions Insurance was once regarded as a necessity for doctors and lawyers, but the truth is that it is just as vital to any consultant in any field. If you are giving advice and you don't consider something that causes the client to feel that they have lost something based on your opinion, Errors & Omissions Insurance is your only protection.

Errors & Omissions Insurance can't turn back time, but it can protect you from a disgruntled client. Errors & Omissions Insurance is also know as Professional Liability Insurance. Errors & Omissions Insurance covers the financial consequences of either:

an error - something you did wrong
an omission - something you failed to do or include

If an error or omission leads to a client making a claim against you for damages, then Error & Omissions Insurance will step in to cover not only the legal costs of defending yourself, but the costs of any damages you may have to pay as a result of a judgment against you.

Errors & Omissions Insurance is a consulting services best friend. Clients have deep pockets and can often afford better legal protection than you could without the benefit of Errors & Omissions Insurance. Don't be a victim. Errors & Omissions Insurance from a reputable company helps level the playing field, making sure that your business and personal assets are safe and never at the mercy of a courtroom.

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921 East County Line Road, Suite B2 
Lakewood, NJ 08701 

Tel: 732.730.8700
Fax: 732.960.2302

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