Top-rated errors & omissions insurance with world-class customer support.
If you own a small business or work as an independent contractor or freelancer, the simple answer is yes. E&O insurance is valuable for any business, employee, or contractor who has clients and provides services requiring a professional level of skill or expertise. It’s the type of insurance you hope you’ll never have to use, but if you do ever face a lawsuit, E&O insurance can help ensure it won’t ruin you financially. And it isn’t just for business owners: employees and independent contractors may also want E&O coverage so you don’t have to worry about the financial burden of a potential lawsuit. Some of the professionals and small business owners who should consider errors and omissions insurance include:
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, unfulfilled promises, negligence, mistakes, and copyright infringement. Even if a client’s lawsuit is baseless, E&O insurance is valuable because it covers the substantial costs of defending yourself against a claim. Here is a partial list of expenses typically covered by E&O policies:
There is no single line of insurance that covers every risk confronting a business. E&O insurance is no different: It covers some key professional liability risks, but it doesn’t cover everything, such as personal liabilities that should already be covered by other types of insurance policies. Here are some types of claims and liabilities that aren’t covered by E&O insurance:
Yes. E&O insurance is a type of professional liability insurance, and the terms are often used interchangeably. Other types of professional liability insurance include medical malpractice and dental malpractice insurance.
General liability insurance is designed to cover accidents that could happen in almost any setting, such as a client slipping and falling on your property. E&O insurance protects you against claims regarding something you did as a professional, such as bad advice, an unintentional mistake, or failure to properly deliver a service.
While E&O insurance can help protect you from lawsuits and other risks related to the professional services you provide, it won’t protect you from other risks, such as someone suffering an injury in your office, lawsuits related to a cyber attack on your business, or damage to your property. Other types of insurance you may want (or need) as a small business owner, freelancer, or independent contractor include:
[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.
“I’ve been struggling for weeks, trying to find the correct insurance for my new practice. I was quoted 3 times as much for the same coverage from other companies. In about 10 minutes, I had everything I needed from Berxi!”
– Jody R.
“Berxi was recommended to me by a friend, and now it seems that everyone where I work has them! The quoting process was easy, and the price is better than anywhere I’ve found.”
– Jeremy B.
If you ever face a lawsuit, our policies can help cover your settlement costs. We offer flexible limits of liability, so you can choose the amount of E&O coverage that’s best for you. Depending on your profession or business type, Berxi offers limits of liability of up to $1 million per claim/$3 million aggregate or $2 million per claim/$2 million aggregate.
When facing a claim or lawsuit, we’ll retain a lawyer for you from our national network of vetted defense attorneys. We’ll also pay for related defense costs (e.g., lawyer fees, court fees, expert witness costs). Your defense costs are outside the limits of liability, meaning that they won’t cut into the settlement fees you may need to pay.
If you’re asked to attend litigation activities (e.g., a deposition), our policy will reimburse you for actual lost wages and any necessary expenses (e.g., travel, meals).
We work with your defense attorney to reach the best possible outcome for your case. We won’t settle a claim without your approval.
In addition to your errors & omissions coverage, you can add other types of small business insurance to your policy, including general liability coverage and cyber coverage.
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.
