Errors And Omissions Insurance

Professional coverage varies from one industry to another, but errors and omissions insurance is one of the common threads between all of them. A wholesale broker works with the insurance agent to devise the appropriate coverage package for the company and its areas of expertise.

One common misconception is that errors and omissions insurance is part of a general liability policy, when it is in fact something separate. In the event of a contractual dispute or complaint that the job was done incorrectly, general liability does not provide lawsuit protection. Errors and omissions coverage can cover not only the contractor's employees, but also subcontractors involved in the work.

Errors and Omissions Insurance Adapts to the Industry

Depending on the type of work done by the company, it may be required to add on specific markets to the errors and omissions insurance. For example, an engineering firm would likely require protection against accidental damage to the property where they work and may even need a policy for environmental issues. The wholesale broker works with the insurance agent to develop the needed coverage for each client so there are no holes in the final plan.

Adco General offers errors and omissions insurance for more than 300 types of professionals. Contact Adco to learn about its special focus on developing markets in the Colorado area, like alternative energy and environmentally conscious businesses.