In the event that the performance of your professional work is inaccurate or fails, Professional E&O coverage will protect your company in the event of a claim resulting from such failure of rendered services.

Similar to inaccurate work, if a company’s services are more consultative in nature (think management or strategy consultants), E&O coverage will protect your company in the event of a claim stemming from failure of such rendered services.

If your company fails to complete work that you are obligated to complete, or is delayed to the extent that a failure to deliver on time can result in a financial loss for your customer, E&O coverage provides protection against a claim resulting from such a failure to perform.

This is where Technology E&O becomes prevalent. If your company is specifically providing products or services in the technology space, and your software product or technology services were to fail, causing a loss for your customer, Tech E&O is the coverage that will step in to provide coverage for defense costs and potential damages.

Errors and Omissions will typically carry intellectual property infringement coverage for your media activities. This will include coverage if you were to infringe on another party’s copyright or trademark.