Errors and Omissions Insurance
in South Carolina

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

Get instant quotes

BizInsure insurance partners

What is Errors and Omissions insurance?

Also known as E&O or Professional Liability insurance, an Errors and Omissions 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 are 463,549 small businesses operating in The Palmetto State as of 2022. In addition, they comprised 99.8 percent of the business in the state, these figures are steadily on the rise.

Mistakes can happen, no matter the industry you are in, the product you offer or the nature of your services. Even if you have a great track record an error could be the cause of a lawsuit against your company.

Errors and Omissions insurance is important to help small-scale business owners secure their financial future. Your business is insured against any legal claims that arise from your carelessness (errors) and inadequate services (omissions).

What does Errors and Omissions insurance cover?

In South Carolina, Errors and Omissions insurance provides a variety of costs that are up to the amount stipulated in your insurance contract. It will help you save:

  • Legal fees – The majority of lawyers charge an hourly fee. Even if the issue can be resolved in a short time the cost can be high to hire good legal counsel. Also, the longer the matter is resolved, the more you’ll spend.
  • Court Expenses – filing documents in the court’s office, charges for underwriting along with other administrative costs and any associated legal expenses.
  • Settlements – To keep both sides in the pocket and avoid lengthy, expensive litigation costs, most claims are settled without court. It is possible to have to pay your client a specified amount based upon the advice of your legal counsel.
  • Judgments – In the event that your case does go to trial and the judge finds in favor of the plaintiff, you will be required to pay the adjudged amount, or take the risk that a lien will be placed upon your assets as a business

Who may need E&O insurance in South Carolina?

Professionals and businesses whose business involves providing clients with information, advice, and educated suggestions and designing solutions, as well as those that represent the requirements of other people often purchase Errors and Omissions insurance.

Whatever the assertion is true or unsubstantiated, Errors and Omissions insurance will protect your professional reputation along with your business profits and assets from potentially expensive effects.

Professions that normally require Errors and Omissions insurance include but aren’t 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 & Omissions insurance cost in South Carolina?

In South Carolina, the cost of E&O insurance is approximately $731 per year. However, it depends on your business. Like other insurances the more risk factor, the greater the amount of premium you’ll need to pay to protect that risk.

Factors that determine the expense of your errors and Omissions are:

  • Your company’s priorities, location and risk appetite
  • Your company’s revenue and size
  • The amount of insurance coverage you require
  • The history of your previous claims, if any
  • The applicants – their qualifications, their suitability for the position and whether they have any history of claims

Get instant quotes

How do I obtain E&O insurance for my South Carolina business?

BizInsure makes it easy to compare E&O policy with the most reputable U.S. insurance companies, and then find suitable insurance for small-scale businesses 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
Fast, Simple, convenient
Bizinsure is an exceptional company. The customer service is excellent. The receptionists are very knowledgeable. The insurance agents are very professional.
Appreciate for being up to date!
Easy to navigate what you need. Always notify ahead of renewal!
Thank you for your good service.
Great experience. Very professional!
👌 Perfect
Easy to access
Amazing service! From start to finish.
Alex was awesome!! Walked me through the process with great patience and care. Found me a perfect policy for my LLC at a GREAT price.
This was easy. The customer service was great. I would recommend this company to anyone
Fantastic!
straight forward, efficient and thorough. i highly recommend it.
easy to get quote and coverage
I had a good experience with this agency. It was an easy process and all the information was explained well. I like that it has an excellent rating with the Better Business Bureau. The Bizinsure agent Andrea Magee was kind, helpful and professional.
what a great coverage with an amazing price
Sales Rep Andrea Magee was very pleasant and professional.
Ms. Magee knew exactly what insurance I was seeking for my business and went to work immediately on finding the right coverage for me. I was able to get coverage right away. I highly recommend this company!
Good professional services. quick and simple easy steps for an insurance quote for my business. Thank Biz Insurance
I called today a bit unsure, but once I spoke with Andrea, she guided me through the entire process with patience and clarity. She also pointed me in the direction of other helpful services. A+ experience!
BizInsure is the Best. Not only was Andrea informative, she was professional, and spot on! Give them a call you will not be disappointed!
Easy to use, called in advance so I was not late on renewal.
I called 3-4 companies. Bizinsure / Andrea knew exactly what I needed! She guided me through the process and was very informative. Give them a call you won’t be disappointed!
My representative Andrea was great ! She was informative, personable and made me feel comfortable. I called at least 4-5 companies and by far Bizinsure was the best!
Great