Professional Liability is also known as Errors and Omissions Insurance (E&O) and is an important coverage for any professional or business that has activities that, if not performed correctly, could result in a loss for their client.
Commercial General Liability Insurance usually has specific exclusions for errors and omissions. For this reason many businesses and professionals are finding that they need this coverage. E&O is usually purchased by:
Not on the list? It doesn’t mean you don’t need E&O! Talk to an insurance professional!
Return to Business Insurance Canada if you just want some business insurance information.
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Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.
Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.
Always speak with a licensed insurance representative about your specific situation.
This site is general in nature and there may be errors or ommissions