Errors and Omissions Insurance in Nevada

  • Compare prices in minutes; no obligation to purchase
  • You can purchase online online to receive the confirmation of your coverage
  • Access only top-quality insurance companies (A-rated or better)

Get instant quotes

What is Errors and Omissions insurance?

An Errors and Omissions insurance policy (also known as E&O or Professional Liability insurance) is an essential policy that protects you and your company in case of a lawsuit due to alleged professional wrongdoing.

According to the U.S. Small Business Administration (SBA) Office of Advocacy as of 2022, there were 313,257 small companies in Nevada. They represented 99.2 percent of the state’s businesses. However, the numbers are growing.

There are always chances to make errors, no matter what industry you work in, the product you sell or the nature of your business. Although you might have a stellar track record however, it’s only one wrong move to lead to a suit against your company.

In a highly competitive business market, in which customers are becoming increasingly demanding in their expectations, Errors and Omissions insurance may be essential to help small business owners secure their future financial security. Errors and Omissions insurance safeguards your company from claims caused by your negligent actions (errors) or insufficient services (omissions).

What does Error and Omissions insurance cover?

In Nevada, E&O insurance provides for a variety of expenses, up to the limit that is specified in your insurance contract. This insurance helps you cover:

  • Legal Costs – Lawyers typically have an hourly charge. Even if the case can be resolved in a short time however, it is costly hiring a reputable legal professional. The longer it takes for the issue to be resolved the more you may need to pay.
  • Court expenses – Filing documents in the court’s office, charges for underwriting, other administrative costs, and any other legal costs.
  • Settlements to make both sides financially more efficient and avoid lengthy, expensive litigation costs, most claims are settled without court. Depending on what your legal counsel advises, you might have to pay the client a specific amount.
  • Judgments – In the eventuality your case does go to trial and the judge makes a ruling in favor of the plaintiff you’ll be required to pay the adjudged amount or run the risk of having a lien put on your business assets.

Who needs Errors and Omissions insurance in Nevada?

Professionals and firms whose work is to provide clients with expert advice, educated advice and designing solutions, as well as those who serve the needs of others generally purchase Errors and Omission insurance.

No matter if the claim is true or not, Errors & Omissions insurance helps safeguard you, your business, and your image from the repercussions of a costly mistake.

Professions which typically require Error and Omissions insurance include, but are not limited to:

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 and Omissions insurance cost in Nevada?

In Nevada, the average cost for E&O insurance is $655 per year. However, it is contingent on your business. As with any insurance, the greater the risk element, the higher you will have to cover it.

These are the main factors that affect the price of Errors and Omissions insurance:

  • The priorities of your business, its location and risk tolerance
  • The amount of turnover and the size of your company
  • The amount of insurance you require
  • Your previous claims history in the event of there were any
  • The employees being covered include their qualifications, their suitability to the job, and any previous claims

Get instant quotes

How do I get the E&O insurance for Nevada business?

BizInsure makes it simple to compare E&O policies against top-rated U.S. insurance providers and find excellent coverage for your enterprise at an affordable 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
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