errors and omissions insurance - InsureYourCompany

E&O Insurance: A Game Changer for Real Estate, Tech, and Legal Professionals

Dan Levenson — Wed, 07 May 2025 08:08:12 +0000

In any profession where advice, services, or expertise are offered, mistakes can happen. Even the most careful real estate agents, tech innovators, and legal experts can face situations where an oversight or error leads to a client’s financial loss. The reality is difficult—a single claim can cost anywhere from $50,000 to over $1 million in […]

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5 Types of Insurance Every Financial Planner Needs

Dan Levenson — Thu, 22 Mar 2018 17:39:03 +0000

One of the most important conversations that you, as a financial planner, can have with your clients is about risk—how much they feel comfortable with and how they can protect themselves against it. When it comes to your own business, you need to protect yourself against risk, too. As a financial planner, you face a […]

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Why Real Estate Brokers Need E&O Insurance

Dan Levenson — Thu, 15 Mar 2018 18:54:02 +0000

Real estate brokers deal with people more often than most professionals do, so they face a number of unique risks. As such, they may need even more insurance coverage, such as errors and omissions (E&O) insurance. Often, one of the first items many businesses cut when dealing with a tight budget is insurance. But this […]

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E&O Insurance For IT Consultants: Why It Matters and How Much It Costs

Dan Levenson — Tue, 31 Jan 2017 18:13:07 +0000

Suppose you design a database that has a glitch that keeps everyone at your client’s company from accessing crucial business data for three days. The client sues you, the IT consultant, claiming they lost $500,000 in sales during the time the database could not be accessed. Or to put a timelier spin on things, consider […]

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What Insurance Is Needed For A Home-Based Business?

Dan Levenson — Tue, 30 Aug 2016 15:23:59 +0000

The opportunity to start a part-time, home-based business has never been greater than it is today. Jobs ranging from IT consultant to Uber driver are just two examples of how many opportunities there are to make money from home or in your spare time. In fact, according to the 2014 U.S. Census Bureau statistics, there are […]

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Do IT Companies Need Subcontractor Insurance Coverage?

Dan Levenson — Thu, 18 Aug 2016 17:48:00 +0000

When you think about subcontractors needing insurance, you might picture someone working on something that is more of a physical labor job—for instance, a plumber or even a landscaper that comes to do work on behalf of your company. While those subcontractors are important, what about your tech subcontractors? When hiring out subcontractors to help […]

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Why IT Contractors Need Prior Acts Coverage With Their E&O Insurance

Dan Levenson — Tue, 02 Aug 2016 15:47:19 +0000

Imagine someone sues your company for allegedly infringing on the software code of a client you worked for last year. The former client may seek tens of thousands or even a couple of hundred thousand dollars in damages. Will your insurance protect you? It may depend on the coverage you have. Some companies will agree to […]

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Why Your Company Needs Technology Business Insurance

Dan Levenson — Thu, 11 Feb 2016 19:28:08 +0000

Have you ever wondered why your business needs technology business insurance? You might need it to protect against claims of negligence or financial loss from a client, for workers’ compensation, against claims of copyright infringement, against data breaches or other security issues, or even damage to commercial property. A businessperson just has to look at the […]

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Why You Need Computer Programmer Insurance

Dan Levenson — Tue, 15 Dec 2015 18:06:03 +0000

As an IT professional, you may wonder why you need computer programmer insurance. In actuality, you still need the same kind of protection any business would in case of damage to your assets,or injuries that might occur on your business property (or in your home, if you work on a freelance basis). You also need […]

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Things You Need To Know About Errors And Omissions Insurance

Dan Levenson — Thu, 02 Jul 2015 14:24:10 +0000

"Errors and omissions insurance." Doesn’t sound very exciting, does it? Not exciting, that is, until you need it. Or, worse, until you need it only to find you don't have it.

If that happens to you or your company, you’ll probably experience more excitement than you can stand. Although this type of insurance has been around for several decades, many risk managers and independent contractors alike are still unsure of what errors and omissions insurance does (and does not) cover, or if it’s something their business needs.

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