Save 15% or more on errors and omissions insurance
If you’re a professional who works with clients, an errors and omissions (E&O) insurance policy – also known as professional liability insurance – can help protect your reputation, your business, and your wallet.
Jeremy B., Berxi Customer
4.87 out of 5 stars (12,216 reviews)
What do you get with Berxi errors and omissions insurance?
Comprehensive coverage
If a client sues you for an unintentional negligent act or omission, E&O insurance covers the cost of defending yourself against the claim, as well as the settlement amount or damages that you may have to pay. These unintentional acts include:
- Bad advice, such as when a client alleges that they lost money or suffered other damages as a result of advice they received.
- Unfulfilled promises, such as missing a deadline or failing to deliver a promised service.
- Negligence, such as when a professional fails to meet a certain standard of care.
- Errors, including any inadvertent mistakes made while serving a client.
- Copyright infringement, when a professional unintentionally violates someone else’s copyright.
Key features of a Berxi policy
Key coverage features of a Berxi policy include:
- Comprehensive E&O coverage: Berxi offers limits of liability up to $2 million per claim and $3 million aggregate, meaning you’ll be covered for up to $3 million in settlement and defense costs during each policy period.
- Consent to settle: we work with your defense attorney to reach the best possible outcome for you, and we won't settle a claim without your approval.
- Defense for disciplinary actions: if you’re investigated by your professional regulatory organization, you’ll be covered up to $25,000 per policy period for defense. This amount is outside the limits of liability and not subject to your deductible.
- Wage loss/deposition expense coverage: if you’re required to attend hearings, depositions, or other proceedings, we’ll reimburse you up to $1,000 per day for lost wages and expenses.
- Optional policy add-ons, including general liability insurance and cyber insurance.
Expenses covered
If a client files a claim or sues you for an unintentional negligent act or omission, E&O insurance can cover the cost of defending yourself against the claim, as well as the damages that you may have to pay. Depending on your policy, expenses covered by a typical E&O policy might include:
- Attorneys’ fees
- Arbitration costs
- Expert testimony fees
- Court costs and costs of attending trials
- Settlement and judgment costs
- License protection (if a licensing authority investigates you)
- Wage loss for time spent on your defense
Your E&O policy will also include access to a team of claims representatives who can help you navigate the process. At Berxi, you’ll hear back from a claims expert within 24 business hours. They will help you create a game plan, connect you with legal experts, and allow you to focus on your business.
Who needs errors and omissions insurance?
The simple answer is that E&O insurance is valuable for any business, employee, or independent contractor who has clients and provides services requiring a professional level of skill or expertise. Some of the professionals and small business owners who should consider errors and omissions insurance include:
- Consultants, including HR, risk management, PR, safety, and educational consultants
- Financial planners
- Creatives and freelancers, such as photographers, graphic designers, social media specialists, and copywriters
- Insurance professionals, including agents, brokers, claims adjusters, and appraisers
- Real estate professionals
- Technology professionals
E&O insurance is the “I hope I never make a mistake that harms someone else, but if I do, I don’t want it to financially ruin me” type of insurance: It protects you in case of a lawsuit filed by a client over an alleged or actual mistake. And E&O insurance isn't just for business owners – employees and independent contractors may also want it so they don’t have to worry about the financial burden of a potential lawsuit.
What our customers are saying
“[My claims representative] was so compassionate. He listened and kept me informed on the status of the case. He really cared about what I was going through and reassured me that Berxi was on my side and that I didn’t need to worry.”
– Kim P.
“Completely stress-free setup and customized to my needs. So easy I didn’t even need to talk to anyone!”
– Che H.
“Berxi was recommended to me by a friend at another company, and now it seems that everyone where I work has them too! The quoting process was easy… and the price is better than anywhere I've found.”
– Jeremy B.
Discover the Berxi Difference
Comprehensive, flexible coverageLicensed in-house agents to answer your questions
Claims experts and a nationwide panel of attorneys at your side when you need us
Working directly with us — from purchase to claims — saves you money
A direct-to-customer, digital experience with 24/7 online access
You have hopes and dreams for your career and business. And we want to help make them possible. Berxi offers the highest quality insurance at an affordable rate. This allows you to focus on growing your skills, goals, and business -- and leave stressing about claims to us.
