In Massachusetts, Errors and Omissions insurance acts as protection for professional services businesses against claims of negligence, or failing to perform to professional duties. It is also referred to as “professional liability” insurance. Errors and omissions policies are available for many types of business. For example – a health professional has many risks associated with the job that many other careers do not have to worry about.
Under a Massachusetts E&O policy, the following is typically covered:
- Alleged or actual negligence
- Copyright infringement
- Personal injury, such as libel or slander
- Defense costs
- Claims from services in the past
- Temporary staff and independent contractorsUsually not covered under an E&O policy:
- False advertising
- Employment matters
- Fraudulent matters
- Bodily injury or property damage
- Patents & trade secrets
Whether you’re a large company or a small firm, there’s a risk that you may be sued while working anywhere in Massachusetts. If you want to protect yourself against the inevitable risk you experience in your profession, it’s vital you invest in an E&O policy. Call us today at 781-943-1555 to discuss a policy that would fit your specific business situation.
This is not intended to be a complete description of coverage … we’d be happy to offer a quote or to talk to you about your coverage needs. Give us a call at 781-943-1555!