What is miscellaneous errors and omissions Insurance?

Miscellaneous errors and omissions (E&O) insurance, also referred to as professional liability, offers more flexible coverage designed for a wide variety of small businesses and sole practitioners. Consultants, self-employed individuals, and businesses providing a service that relies on their unique skills and expertise should consider a miscellaneous E&O policy. This kind of coverage helps protect them from lawsuits, hire competent defense lawyers, and if necessary, help pay a settlement.

What kind of business or individual would need a miscellaneous E&O policy?

Miscellaneous E&O protects many small businesses and individuals such as business consultants, bookkeepers, tax preparation, printing services, and interior designers.

Miscellaneous E&O insurance is a vital part of any healthy business which:

  • Offers special skills and experience
  • Is held to a higher standard of care
  • Provides expert advice to unrelated third parties
  • Receives payment or a fee from the third party for the advice

The miscellaneous errors and omissions policies we write at Markel Specialty can include up to $3 million in coverage for negligence arising out of professional services, including personal injury. Our policies can also help pay for things like contingent bodily injury and property damage, sexual abuse, loss of earnings and expense reimbursement, and public relations expenses.

If you would like to learn more, please contact a Markel Specialty agent for details plus information about other small business insurance such as EssentialBOP™, our businessowners policy, and workers compensation policies.

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Insurance and coverage are subject to availability and qualifications and may not be available in all 50 states. Coverage may not be available for all business types. Contact a Markel Specialty agent for more information. Insurance is underwritten by Markel Insurance Company, Glen Allen, VA.