Errors and Omissions Insurance Connecticut

  • Compare prices in a matter of minutes. There’s no commitment to buy
  • Buy online and instantly receive confirmation of your coverage
  • Access only top-quality insurance companies (A-rated or better)

Get instant quotes

What is Errors and Omissions insurance?

Also known as Professional Liability insurance, an Errors and Omissions (E&O) policy protects your business against claims of negligence, misrepresentations, or mistakes. E&O claims are typically made by clients who allege some form of financial damage as a result of your services, products or employees.

According to the U.S. Small Business Administration’s Office of Advocacy, there were 360,127 small businesses in The Nutmeg State in the year 2022. In addition, they comprised 99.4% of all the Connecticut companies, these numbers continue to increase.

No matter what industry you’re in, the type of products you sell or the services you offer, mistakes can happen. Even if you have an impressive track record one error could result in a lawsuit being filed against your company.

Errors & Omissions coverage is essential to small-scale business owners in order to protect their financial security in an extremely competitive market. Your company is secured against claims resulting from your negligence (errors) or insufficient service (omissions).

What does Error and Omissions insurance cover in Connecticut?

In Connecticut, Errors and Omissions insurance can cover a wide range of expenses as long as they are within the limits stated in the insurance contract. This insurance will allow you to save on:

  • Legal Costs Lawyers usually charge an hourly rate. Engaging an experienced lawyer can be costly, even if the case is settled quickly. So the longer the issue is resolved, the more you’ll need to shell out.
  • Court costs – Filing documents in the court’s office, underwriting fees and other administrative expenses, and any associated legal expenses.
  • Settlements to help save each party from the expense of lengthy litigation, generally claims are settled outside of the court. Based on the advice of your legal counsel advises that you may be required to pay the client a specific amount.
  • Judgments – In the event that your case does go to trial, and the judge rules in favor of the plaintiff you’ll be required to settle the amount, or take the risk of having a lien imposed on your company assets

Who needs Errors and Omissions insurance in CT?

Professionals and businesses whose work involves providing clients with expert advice, educated advice as well as solutions to problems or who are able to represent the needs of others are required to purchase Errors and Omission insurance.

Regardless of whether the assertion is true or unsubstantiated, Errors and Omissions insurance helps safeguard your professional image along with your business profits and assets from the potential for costly results.

Many professions may require Errors and Omissions insurance. These include but aren’t the only ones:

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 Errors & Omissions insurance in Connecticut?

In Connecticut, the average cost for E&O insurance is approximately $752 per year. However, it depends on the business you operate. Similar to other insurances, the more risk element, the greater the amount of premium you’ll need to pay to cover that risk.

These are the factors that affect the price of your Errors and Omissions policy:

  • Your company’s location, risk appetite and priorities
  • Your business’s turnover as well as size
  • How much coverage do you need?
  • If applicable, please include your previous claims background
  • The person being protected – their qualifications, suitability to the position, as well as any previous claims

Get instant quotes

How do I obtain Errors and Omissions insurance for my Connecticut business?

BizInsure makes it simple to compare E&O policies with top-rated U.S. insurers, and determine the most effective coverage for your company for a low cost.

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

Excellent and Easy service - Thank you.
Amy was a delight to work with she help me with finding he right policy for my business I can't thank her enough for her help
I purchased liability insurance for my home care agency, Unlimited Gentle Care, and the process was seamless and straightforward, ensuring that every aspect of our liability was covered. This company also offers a great value for the extensive coverage my company receives
BizInsure was an easy way to purchase insurance for my business.Kaleb especially was a great help.Thanks,Rich Valentini
awsom service, perfect price and great policy
I have purchased General Liability Insurance for the past 4 years at BizInsure for my wedding videography small business. In these 4 years, it has always been a smooth process.There must've been some sort of technical issue (potentially due to my change in address), so my policy didn't auto-renew. I called Bizinsure and talked to Paulina, who was beyond helpful. She was very polite and explained things very well. One small detail that I can appreciate is that she often said my name, which shows that their customer service is intentional about personalized communication.In just a few minutes, we updated my account + renewed my insurance for a 5th year. I highly recommend Bizinsure!
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.
js_loader
Google Rating
4.7
Based on 286 reviews
×
js_loader