Errors and Omissions Insurance

Susceptibility to legal action over services rendered and the high risk of claims are two issues every professional firm should keep in mind. Allegations are made every day against firms that an error or omission in the work performed caused a client to suffer a financial loss.

For example, a homeowner recently sued a realtor for failing to disclose the property’s defects before agreeing to purchase it. This same homeowner also sued the real estate design group for failing to repair the structural defects once identified. Depending on the contract stipulations, the homeowner may not have a case…but the lawsuit went to court and the realtor and designer need to defend against it. In another example, an architect and contractor were sued over the design and functionality of a particular research building, which developed several structural issues within months of opening, including leaks, cracking bricks, and mold. This case was settled out of court, but again it still required defending and attracted negative publicity throughout the community, which can be very costly for businesses.

What’s more, your standard General Liability policy does not provide coverage for these types of losses.

Errors & Omissions (E&O) insurance is the only solution that can provide the protection that’s needed.

A.D. Martin Commercial Insurance provides businesses throughout New Jersey, Delaware, and Pennsylvania with Errors & Omissions insurance to protect you and your employees as you work to complete business activities according to your contractual agreement with clients. The coverage will pay for your legal defense, and, if you are found liable, it will also pay for the judgment against you, up to the limits of your policy.

Errors and omissions can be extremely costly to a business, and not having coverage can cause you major financial setbacks. We’ll help determine the exact amount of coverage that your business needs. We’ll look at the level of risk within your industry; see if your business is located in a geographic area with higher rate of liability; and how large the business is and if the way your operation is structured reduces or increases your risk. We will then work with several insurance carriers that specialize in the liability needs of professionals, and partner with them to tailor a policy based on your specific profession and exposures with special clauses and inclusions not found in typical E&O policies.

Protect your work, your reputation.

A.D. Martin provides business insurance throughout the counties of Atlantic, Cape May, Gloucester, Salem, Cumberland, Camden and Burlington in New Jersey; New Castle County in Delaware; and Chester, Philadelphia and Delaware Counties in Pennsylvania. Allow our professionals to review your insurance program at no obligation, and to provide you with solutions designed to safeguard your business against liability.