What is an Errors and Omissions policy?

What is an Errors and Omissions policy?

First of all it is important to fully understand what negligence is. it is “the lack of attention or care to someone or something for which one is responsible”, in this case, in the performance of professional activities. Once this is understood, the term becomes more relevant in itself because it is precisely one of the key variables of a policy of this nature and its scope: that the insured carry out his professional duties without major setbacks.

What is sought with the E&O policy is to cover the expenses arising from a claim presented to the insured, by third parties, for property damages caused by negligent acts (including serious fault), malpractice, errors or omissions, committed by the insured or your dependents in the exercise of the activity or professional services covered after the retroactivity date and before the end of the policy period. It is also a support that allows both the insured and their clients to have the necessary confidence to achieve their negotiations.

There are many options on the market where you can purchase this policy, but if you need any suggestion which is the most appropriate, send to contracting@sunshinelifehealth.com and I will be happy to give you suggestions.