What is Miscellaneous Errors & Omissions Liability Insurance?

Miscellaneous Errors and Omissions (E&O) covers the errors made while providing professional services. These errors can arise from negligence, faulty materials, and simply disagreements over the end result. A Miscellaneous E&O policy is tailored to professionals that have different than normal risks. A typical E&O policy is designed for lawyers, architects, accountants, etc., but a Miscellaneous policy is used to cover professions such as advertising agencies, appraisers, photographers, teachers, and many more. Typical E&O policies can sometimes exclude the types of risks for these other professions, but with a Miscellaneous policy, almost any other line of work can be covered.

Why Have Miscellaneous Errors & Omissions Liability Insurance?

An E&O policy can pay for damages arising from an error or negligence. These could range from defense costs to punitive awards in court. Some insurers even have lawyers in-house to cover the insured. Where a standard E&O policy usually has a narrow definition of a “negligent act”, a Miscellaneous policy broadens this definition to help cover the range of professions in its scope. Many small businesses need this kind of coverage to protect them. Many businesses do not have enough money to pay for a settlement or to pay for a lawyer in the case of a claim. Settlement costs could be anywhere from $10,000 or more. To fight a claim or even prove non-negligence, a lawyer has the potential to cost even more. An E&O policy will be able to take this burden from the insured for a much lower cost.

Miscellaneous Errors & Omissions Claims Example

Marketing Consulting/Research Firm

A marketing consultant prepared a list of random telephone numbers to be randomly broken into four lists and sent to four field services for a market research project. The consultant mistakenly sent the same list to two of the four services, so that one list was never sent at all. Furthermore, the lists that were sent were sorted by county, thus were not completely random. As a result, the data was unusable. The marketing consultant’s insurance carrier paid $50,000 to settle the claim.

Coverage May Include

  • Defense outside the limit on most classes
  • Personal injury coverage
  • $0 deductible for many risks
  • Full prior acts coverage (available for first-time purchasers for select classes)
  • Coverage for bodily injury/property damage arising from professional services for select classes
  • Intellectual property coverage for select classes
  • Sexual abuse or molestation coverage for select classes
  • $25,000 third party discrimination sublimit on most classes
  • Supplemental payments coverage for reasonable expenses while attending arbitration, a trial or a hearing
  • Punitive damages coverage where insurable by law
  • Worldwide coverage for wrongful acts subject to claim made
  • Cyber can be included by endorsement

Coverage May Include

  • Accident reconstruction
  • Administrative/office support
  • Advertising agency
  • Answering service
  • Appraiser (non-real estate)
  • Archaeological/historical
  • preservation consultant
  • Arborist
  • Association management
  • Audio/visual consultant
  • Audit service (non-financial)
  • Background check service
  • Bill payment service
  • Billing service
  • Bookkeeper
  • Business manager
  • Caterer
  • Claims adjuster
  • Cleaning service
  • Coaching service
  • Coding service
  • Collection agency
  • Compliance consultant
  • Concierge service
  • Construction loan monitor
  • Copy service
  • Cost containment consultant
  • Courier/messenger service
  • Court reporter
  • Damage appraiser
  • Document destruction service
  • Document management service
  • Educational consultant
  • Employment agency
  • Energy consultant
  • Ergonomic consultant
  • Event/meeting planner
  • Exhibit designer
  • Expert witness
  • Financial planner
  • Forensic investigator
  • Forestry consultant
  • Fulfillment service
  • Fund raising consultant
  • Grant writing service
  • Graphic designer
  • Green building consultant
  • Human resource consultant
  • Insurance Agents
  • Insurance inspector
  • Insurance risk manager
  • Interior designer
  • Interpreter
  • Landscape architect
  • Lead generation service
  • Librarian
  • Lighting design consultant
  • Life and Health Insurance Agents
  • Lobbyist
  • Mailing service
  • Management consultant
  • Marketing consultant
  • Mediator
  • Medical transcription service
  • Mortgage field inspector
  • Motor vehicle registration
  • Notary
  • Paralegal
  • Pet groomer/sitter/walker
  • Photographer
  • Print broker
  • Printer
  • Private investigator
  • Process server
  • Property preservationist
  • Public relations consultant
  • Real Estate Agent
  • Real Estate Closing Service
  • Real Estate consultant
  • Referral service
  • Registered agent
  • Relocation service
  • Reserve study consultant
  • Resume service
  • Screening service
  • Seminar conductor
  • Social security representative
  • Statistical consultant
  • Subrogation consultant
  • Talent agency
  • Tax preparer
  • Teacher
  • Technical writer
  • Technology
  • Telecom consultant
  • Telemarketing service
  • Testing service
  • Tour operator
  • Traffic/parking consultant
  • Training specialist
  • Translator
  • Travel agent
  • Tutor
  • Veterinary Services
  • Videographer
  • Wedding planner
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