- Medical professionals
- Technology companies
- Software developers
- Marketing firms
- Construction management firms
Texas Business Insurance Errors and omissions (E&O) insurance is needed when your business is involved in any activity that might create a financial loss to a client or other third party. Most commercial insurance policies exclude any coverage for E&O. That is why you should have us complete a review of your business exposures to determine if E&O insurance may be needed. E&O insurance may also be called professional liability or some other name, but the general coverage is the same. It was once thought that only doctors, lawyers, or architects needed E&O insurance. However today, every business should review their exposures and get a quote for E&O insurance. In today’s world your business can be sued even if you did nothing wrong. For example, a manufacturer was sued by another firm because their joint client went out of business and the manufacturer was paid in full while the other firm was not paid. While this is not an all-inclusive list, here are some of the industries that should have E&O insurance.