Errors and Omissions Insurance in Oregon

  • Compare quotes in just minutes, without obligation to purchase
  • Buy online and get confirmation of coverage instantly
  • Get access to top insurance companies (A-rated or better)

Get instant quotes

What is Errors and Omissions insurance?

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

Errors and Omissions (also known as  Professional Liability) protects small business owners from financial risks that result from negligence or error during the provisions of professional services.

According to the U.S. Small Business Administration’s Office of Advocacy, there are 402,928 small businesses in the Beaver State as of the year 2022. They represent 99.4 percent of all businesses in the state. However, the numbers are rising.

There is always a chance to be a victim of mistakes, regardless of what industry you work in, the products you offer or the nature of your products or services. Even if you have good track records one error could lead to a lawsuit against your business.

Therefore, in a competitive business environment, in which customers are becoming increasingly demanding, Errors and Omissions insurance is important to help small-scale business owners protect their future cash flow. Errors and Omissions insurance defends your business from lawsuits that arise as caused by your negligent actions (errors) or insufficient service (omissions).

What does Errors and Omissions insurance cover?

In Oregon, Errors and Omissions insurance covers a variety of costs up to the limits that is specified in your insurance contract. It will allow you to save on unplanned expenses like:

  • Legal fees – The majority of lawyers charge an hourly rate. Even if a case can be resolved quickly it’s costly to hire good legal counsel. The longer it is resolved, the more you’ll pay for it.
  • Court Costs – Filing documents with the court, underwriting fees, other administrative costs, and any legal costs related to it.
  • Settlements are a way to save each party from the expense of lengthy litigation, most claims are settled outside of the court. Depending on what your lawyer’s recommendations are, you might have to pay your client a set amount.
  • Judgments – If your case is put to trial, and the judge is for the plaintiff you’ll need to pay the amount that was adjudged to be fair. Otherwise, there’s the possibility of having a lien placed on your assets as a business.

Who may need Errors and Omissions insurance?

Professionals and businesses whose work includes providing clients with expert advice, educated advice, designing solutions or those who represent the needs of the public may take Errors and Omissions insurance.

Regardless of whether the claim is genuine or not, Errors and Omissions insurance will protect your professional reputation and profits as well as business assets from costly consequences.

Many professions consider Errors and Omissions insurance, including:

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 Oregon?

The average cost for Errors and Omissions insurance in Oregon is $620 per year. However, it depends your particular business. Like all insurances more risk element you have the greater the premium you’ll be required to pay for it.

These are the elements which affect the price of errors and omissions

  • Your company’s objectives, your location and risk appetite
  • The volume and the turnover of your company
  • How much insurance you require
  • If applicable, please include your previous claims are from the past.
  • The persons being covered are their credentials, suitability for the job , and if they have any history of claims

Get instant quotes

How to get E&O insurance for my Oregon business?

BizInsure allows you to compare E&O policies with top-rated U.S. insurance providers, and find the best coverage possible for your small 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
Very satisfied with the online experience
Nicole h
1709238653
Been a happy customer for years! Easiest company to receive a quote and get insured. No hassles! Easy payment! Finance plans, if needed!
jodi H.
1709226367
Love it
Hanna R.
1708272180
Every year, BizInsure is my go to for general and professional liability insurance! Thenrates are unbeatable.
Calandra K.
1708044666
The agent was quick and efficient in generating a quote for my needs.
Theresa F.
1707895796
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!
Bev G.
1707524454
Very easy to sign up for insurance.
Great company
Brown G.
1706896003
Fast and efficient!
Kim C.
1706746693
عالی
alireza J.
1706727364
It was great being able to get a policy that suits my company's need in less than 30 minutes. They were vey thorough. Very competitively priced.
Lynette C.
1706621476
I worked with Andrea for another start up business. She was very knowledgeable and help me pick the correct policy. Amazed at how quickly the process went.
Representative was very kind, helpful, and educated me well. I appreciated today's prompt service with confirmation that I was satisfied with what was provided to me.
Tina P.
1706224051
Great company for.your low cost business insurance needs.
constantin T.
1706156911
Staff was very fessional and friendly. I was able to get a quote and move forward within 20 minutes.
Pebbles S.
1706126428
Wonderful
Complete C.
1705788054
MUY BUENO
Super easy process.
Ashley G.
1704830227
It’s very easy to understand and at a very reasonable price.
Mary M.
1703780096
Professionalism, Quality, Responsive and budget friendly
B D
1703029371
Great rates, easy to understand and select appropriate coverage, can get in a jiffy
Brie C.
1702775397
I have been a customer of BizInsure for a few years now and I love it. There customer service is awesome and the prices are affordable.
Danyale W.
1702132165
Quick easy experience! The rep was knowledgeable & pleasant. Customer care was awesome to respond and clarify my concerns.
Kathy Ann A.
1702059151
bizinsurance makes purchasing Business Insurance...SIMPLE!
Andrea W.
1701380391
Great quality of Service ,faster and convenience way to pay at most. Thank you for your Service to my Healthcare Facility .
Quick and easy!!!!
Terry
1701319042
Great service! Easy process and very informative representative. Andrea was great and very patience with our process. I would recommend using them!!
Terrance R.
1700848536
Always and easy process. Thanks!
Gerald S.
1700244544
Renewal was quick and easy online
Angelita K.
1699752900
I had a great experience working with Andrea from BizInsure. She was extremely knowledgeable, helpful, and responsive throughout the entire process. She guided me through the different options available and helped me find the perfect home care professional liability insurance policy that suited my needs. Her professionalism and expertise made the entire experience smooth and hassle-free. I highly recommend working with Andrea and BizInsure for all your insurance needs.
Juliette S.
1699032636
Easy to submit an application and to get quotes
Simone S.
1698775217
I had the most pleasant prompt and professional experience of my life with Bizinsure. Everything was completed in record time, at an unbelievable cost…and my certificate of Insurance was promptly emailed to me. Most of all it was effective immediately. No hassle no back & forth, just great service highly recommend to all small businesses.
Marcia S.
1698407456
Excellent
advanced U.
1697824466
js_loader
Google Rating
4.7
Based on 244 reviews
×
js_loader