Errors and Omissions Insurance Florida: E&O Insurance Coverage
Errors and omissions insurance Florida is a form of professional liability insurance which is crucial for nearly all professionals. It’s most commonly used for consultants in various industries, but it can be used by any professional, and it’s an important policy.
Essentially, Florida errors and omissions insurance coverage is for mistakes which are made while conducting a transaction as a professional. Any legitimate mistake which leads to financial harm can be included in this, however, acts of negligence are excluded. To put it into perspective, general liability will cover slip and fall, bad workmanship in manufacturing and construction. On the other hand, professional liability or E&O covers mistakes that are paperwork related. Protect your assets. The cost of not having these protection would normally outweigh the total loss of your business. Your Livelihood.
As mentioned, there is a huge range of applications for those who can use errors and omissions insurance. Errors and Omissions insurance is also called Professional Liability and for healthcare professionals, Malpractice insurance. Malpractice insurance claims can come out of either a mistake in documentation or the physical wrongdoing of a patient.
Auto dealers can get Errors and Omissions to protect against odometer problems. Whatever the industry, here at ACI insurance, we have a huge amount of carriers and will shop til we drop to find the lowest cost coverage available.
Florida professionals who use E&O policies include, but are not limited to:
As a professional, you’ll always want to guard yourself accordingly with errors and omissions insurance. Florida residents and small business owners are better off safe than sorry. Even if you don’t think it’s possible, a lawsuit could come at you at anytime.
For more information on Florida insurance rules and regulations visit https://www.floir.com/
Contact us today and we’ll get you an affordable errors and omissions insurance quote in Florida.
Errors and Omissions Insurance Florida: E&O Insurance Coverage
Errors and omissions insurance Florida is a form of professional liability insurance which is crucial for nearly all professionals. It’s most commonly used for consultants in various industries, but it can be used by any professional, and it’s an important policy.
Essentially, Florida errors and omissions insurance coverage is for mistakes which are made while conducting a transaction as a professional. Any legitimate mistake which leads to financial harm can be included in this, however, acts of negligence are excluded. To put it into perspective, general liability will cover slip and fall, bad workmanship in manufacturing and construction. On the other hand, professional liability or E&O covers mistakes that are paperwork related. Protect your assets. The cost of not having these protection would normally outweigh the total loss of your business. Your Livelihood.
As mentioned, there is a huge range of applications for those who can use errors and omissions insurance. Errors and Omissions insurance is also called Professional Liability and for healthcare professionals, Malpractice insurance. Malpractice insurance claims can come out of either a mistake in documentation or the physical wrongdoing of a patient.
Auto dealers can get Errors and Omissions to protect against odometer problems. Whatever the industry, here at ACI insurance, we have a huge amount of carriers and will shop til we drop to find the lowest cost coverage available.
Florida professionals who use E&O policies include, but are not limited to:
- Agents & Brokers (Stocks, Real Estate, Insurance)
- Analysts
- Appraisers
- Architects
- Attorneys
- Consultants
- Engineers
- IT service providers
- Notaries
- Software & website developers
- Testing & quality control
- And much more