Professional Liability: Errors & Omissions
Some common Errors & Omissions claims scenarios include:
- Your product may fail to perform its intended function but not cause any damage to your client’s property.
- Your product may damage intangible property such as your client’s data.
- Your client’s property may be impaired, without being physically damaged by a product you support.
General Liability policies will not respond to claims made by third parties unless there is actual Bodily Injury, Physical Damage or Loss of Use of tangible property. This is where Errors and Omissions coverages become important. Errors and Omissions coverage will not only pay for damages which you are liable but also the costs to defend you.
If any of the items listed above could impact your business, please contact Jackson Dieken & Associates to develop a program that can provide protection.