Most E&O policies are written on a claims-made basis, meaning the claim must be made, and usually reported, while the policy is in force. If you cancel or do not renew, an extended reporting period, often called tail coverage, allows claims to be reported after the policy ends for work performed before it expired.
Related FAQs
When selecting an E&O policy, consider the coverage limits, exclusions, deductibles, and the reputation of the insurance provider. It's crucial to choose a policy that aligns with the specific ...
While not always legally required, E&O insurance is often a contractual obligation. Many clients or regulatory bodies may require businesses to carry E&O insurance as a condition of their ...
E&O insurance covers claims related to professional errors, omissions, and negligence, while General Liability Insurance covers claims of bodily injury, property damage, and advertising injury. Both types of insurance ...
