Errors and Omissions Insurance in Arizona

  • Compare prices in minutes, no obligation to purchase
  • Purchase online to instantly receive your coverage confirmation
  • Access only top-quality insurance companies (A-rated or better)

Get instant quotes

What is Errors & Omissions insurance?

Errors and Omissions, otherwise known as Professional Liability insurance, protects your business against claims of negligence, misrepresentation or mistake, as well as document or paperwork errors.

According to the U.S. Small Business Administration’s Office of Advocacy, there were 621,045 small businesses in Arizona as of 2022. They accounted for 99.5% state-wide businesses, but these numbers are on the rise.

There are many opportunities to make mistakes, regardless of what industry you work in, what type of products or services you offer. Even if you have a great track record, one mistake can lead to a lawsuit against your company.

Errors & Omissions insurance is essential to small business owners in order to safeguard their future financial security in a highly competitive market. Your business is protected against any claims arising from your negligence (errors) and insufficient services (omissions).

What does Errors and Omissions insurance cover?

Error and Omissions insurance in Arizona covers expenses up to the limits specified in your contract. You will save:

  • Legal costs – Most lawyers charge an hourly rate. Even if the case is resolved quickly, it can be costly to hire good legal counsel. The longer it takes for the matter to be resolved, the more money you will have to spend.
  • Court expenses – Filing documents with court, underwriting charges and other administrative costs.
  • Settlements: To save both sides money and avoid expensive, long-drawn-out litigation costs, most claims are settled outside of court. You might need to pay a client a specific amount depending on the advice of your legal counsel.
  • Judgments – If your case goes to trial and the judge rules in favor of the plaintiff, then you will need to pay the adjudged amount. Otherwise, there is the possibility of a lien being placed against your business assets.

Who needs Errors and Omissions insurance in Arizona?

Errors & Omission insurance is recommended for professionals and businesses whose work involves providing advice, educated recommendations, or designing solutions.

No matter if the claim is valid or not, Errors & Omissions Insurance will protect you, your business, and your reputation from costly consequences.

Professions that often require Errors and Omissions insurance insurance include, but are not limited:

Architects Notary Publics
Consultants Personal Trainers
Engineers Pilates Instructors
Home Care Providers and Businesses Yoga Instructors
Customer service icon

Speak with our licensed agents today

You can relax knowing you’ve secured the right insurance at a competitive price. BizInsure’s licensed and knowledgeable agents are here to help you find the right product.

How much does E&O insurance cost in Arizona?

The average cost for E&O insurance in AZ is approximately $669 per year. However, it depends on your business. Like any insurance, the greater the risk element, the higher you will have to pay for it.

These are the factors that will affect the cost of your Errors and Omissions coverage:

  • Your business’s priorities, location, and risk appetite
  • The turnover and size of your business
  • How much insurance you require
  • If any, your previous claims history
  • The persons being covered – their qualifications, suitability to the job, and any past claims

Get instant quotes

Does Errors and Omissions include General Liability coverage?

Errors and Omissions (Professional Liability) coverage is not included in a General Liability policy. General Liability covers bodily injury and property damage caused by customers, vendors or others. Errors and Omissions coverage includes missed deadlines or other issues that could arise from your services.

Learn more: Errors and Omissions vs. General Liability insurance

As with any insurance, coverage will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this guide is general only and should not be relied upon as advice. The number of quotes provided varies between products, occupations and other underwriting factors determined by the insurers.
© Copyright 2023 BizInsure LLC, 2015 ALL RIGHTS RESERVED BizInsure LLC; CA DBA: Simple, Smart, BizInsure Insurance Agency LLC; NY DBA: BizInsure Services LLC; NH DBA: Simple, Smart, BizInsure Insurance Agency; PA DBA: BizInsure Services LLC. 2950 Buskirk Ave Suite 300, Walnut Creek CA 94597. License #0H81929
great customer services.
This company allowed us an amazing experience, including very efficient, detail-oriented, and patient guidance from their commercial sales agent, Jenifer. I highly recommend this service for anyone in need of a business insurance policy.
Jennifer was very helpful and great to work with.
Very professional, fast and reliable. I appreciate their knowledge and experience. They have made this journey easier for me.
Very easy to renew! Thank you
super quick and easy process!
I am very satisfied with Bizinsure. No regrets
Very professional, easy, and thorough application process.
BizInsure is efficient and price friendly. I definitely reccommend them to anyone. Thank you.
Very easy to work with, cost effective, prompt renewal and easy to get certificates of insurance instantly. I use them exclusively for my professional and general liability insurance needs as a consultant.
Great process and very efficient.
Friendly and very fast service!
Jennifer Whiscombe, is an amazing agent. She was very knowledgeable, thorough and friendly. I highly recommend.
They make it very easy to buy insurance and renew.
As a business owner I love not wasting time. Thank you so much for giving me more time
Very straight forward, the cost of coverage amount made sense, simplicity was appreciated.
Always easy. Thank you.
A Company that is easy to deal with and that I have used for several years. I appreciate the continued support.
Very easy and affordable!
Responsive and professionalCompetitive price. I highly recommend Bizlnsure as an insurance provider
Your service is easy to renew as needed and your company informs the client in advance for renewal.
It has been a pleasure doing business with Biz Insure Llc.Their representatives are very courteous, helpful and customer service oriented.
Quick and easy....
I follow the instructions & would prefer to paid every month. I did not have the options to pay every month.
Thank you, Amy, for making my experience enjoyable and funny. Thank you so much for your kindness!!!
I'm pleased with the business quote I received from Bizinsure LLC. Thank You!
Very satisfied with the online experience
Been a happy customer for years! Easiest company to receive a quote and get insured. No hassles! Easy payment! Finance plans, if needed!
Love it
Every year, BizInsure is my go to for general and professional liability insurance! Thenrates are unbeatable.
The agent was quick and efficient in generating a quote for my needs.
I enjoy working BizInsure they always answer all my questions and make sure i have the correct coverage for my business.
Prompt and professional service from Biz Insure. Thanks Leslie and Liza!
Very easy to sign up for insurance.
Great company
Fast and efficient!
js_loader
Google Rating
4.7
Based on 279 reviews
×
js_loader