how to buy e o insurance
if you need e o insurance a logical place to start is your general liability insurer many insurers that sell business insurance offer e o coverage some will add e o coverage to a general liability or business owners policy via an endorsement if your liability insurer doesn t offer e o insurance you can ask your business insurance agent for quotes or get quotes yourself online the cost of e o insurance varies by industry a building design company will likely pay more than a hair salon or massage therapist other factors that affect your premium are the size of your business your claim history and the limits you choose many small businesses can buy an e o policy for about 735 per year 1the bottom lineerrors and omissions insurance also called e o or professional liability insurance protects your business from claims arising from negligence faulty advice errors or omissions e o insurance covers damages settlements and legal costs that result from covered claims you likely need e o insurance if you or your employees give professional advice or provide a service to customers for a fee 