New York E&O
New York E&O lets professionals do their work without having to worry about crippling expenses that would result if they were to accidentally make a mistake or forget something.

How E&O Coverage Works

E&O is an acronym that stands for errors and omissions. With E&O insurance coverage, a business is protected if a client files a claim of financial damage or injury as a result of an error or ommission by a company's employees in the course of work. Without coverage, the costs for handling these claims can be exorbitant. New York E&O ensures that professionals in a wide range of fields have the protection they need to do their work with confidence. The reason professionals take out E&O insurance is because most general liability policies don't cover this particular risk. Take, for example, an attorney or an accountant. Both of these professionals are responsible for completing and compiling complex documentation for their clients. If they mistakenly make an error on paperwork, it could end up costing their client money in penalties, fees or litigation. This type of insurance pays for legal expenses, out of court settlements and awards of damages up to the policy limits. No matter how diligent a professional is in their record-keeping, human error is inevitable. Insurance to cover these errors is a smart investment. New York E&O lets professionals do their work without having to worry about crippling expenses that would result if they were to accidentally make a mistake or forget something.

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