Errors and Omissions Insurance in Utah

  • Compare quotes in a matter of minutes with no commitment to buy
  • Shop online to get instant access to your insurance confirmation
  • Access only top-quality insurance companies (A-rated or better)

Get instant quotes

What is Errors and Omissions insurance?

Errors and Omissions insurance, 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.

According to the U.S. Small Business Administration (SBA) Office of Advocacy as of 2022, there are 324,821 small businesses in The Beehive State.

Even though they made up 99.3% of the state’s businesses, these figures continue to increase.

No matter which field you’re in, what nature of the products you offer, or the nature of your services there is the chance to make mistakes. While you might be an experienced professional, it only takes one mistake to start a lawsuit against your company.

In a highly aggressive business environment, and where clients are becoming increasingly demanding in their expectations, Errors and Omissions insurance helps small business owners to protect their future cash flow. Your business is insured against common liabilities arising from your negligent actions (errors) or insufficient service (omissions).

What does Error and Omissions insurance cover?

In The Beehive State, Errors and Omissions insurance covers your legal costs up to the maximum amount stipulated in your contract, such as:

  • Legal fees The majority of lawyers offer hourly rates. Hiring good legal counsel is expensive, even if your dispute is resolved swiftly. The longer it takes for the issue to be resolved the more you will likely need to pay.
  • Court Expenses filing documents in the court’s office, charges for underwriting as well as other administrative costs and any legal costs related to it.
  • Settlements to make both sides financially more efficient and reduce costly, lengthy legal costs, the majority of claims are settled outside of court. According to what your lawyer’s recommendations are, you might have to pay your client a certain amount.
  • Judgments – If your case is put to trial and the judge rules in favor of the plaintiff, then you’ll have to pay the amount that was adjudged to be fair. In the event that you do not, there is the possibility of a lien being placed on your assets as a business.

Who needs Errors and Omissions insurance?

Errors and Omissions insurance is recommended for individuals and companies whose work involves offering advice, providing educated guidelines, or creating solutions.

Regardless of whether the associated claim is valid or not, Errors and Omissions insurance helps protect your professional reputation as well as your business’s profits and assets from the potential for costly effects.

Professions that typically consider Errors and Omissions insurance include but aren’t excluded from:

ArchitectsNotary Publics 
ConsultantsPersonal Trainers
Engineers Pilates Instructors 
Home Care Providers and BusinessesYoga 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.

What is the cost of Errors & Omissions insurance in Utah?

In Utah, the average cost for Error and Omissions insurance is approximately $872. However, it depends on the nature of your company. Like most insurances, more risk element you have that you are exposed to, the more you be required to pay for it.

The main factors that will determine the amount of your Errors and Omissions are:

  • Your company’s objectives, your location, and risk appetite
  • Your company’s turnover and size
  • The amount of insurance coverage you need
  • If there is, you’ve had a previous claims have been denied.
  • The employees being covered include their qualifications and suitability for the position, as well as any past claims

Get instant quotes

How do I get Errors and Omissions insurance for my Utah business?

BizInsure lets you compare E&O policies against top-rated U.S. insurers and determine the most effective 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
21st Century QHC agency for Home care insurance company.
Tie J.
Andrea Mcgee was great to work with
Audra M.
Customer representative extremely professional and courteous!
DJ Jeff B
I wanted to add another letter to one word on my street, and the website allows me to do that, and it took less than 5 minutes for them to approve the amendment. How wonderful, I love their service very much.
Ema F.
Representative was very kind, helpful, and educated me well. I appreciated today's experience.
Tina P.
Thanks for the overall service. The rates were great, and they were able to cover the services that was needed. Please call BIZinsure for your commercial needs.
Cheequanda M.
Responsive and easy
Crime R.
I have used BizInsure for 2 years and they make the renewal process quick and easy.
hospicecare 4.
Excellent business and great people! They have out done our prior insurance of 23 years! Keep up the good work!
James F
Very satisfied with the application process, Andrea was very helpful and friendly. Great service ! Thank you !
Don C.
No waiting !!!
Renee G.
Very good company to do business with.
Jeff M.
Teven Lous was wonderful to work with. Thank you
Valerie K.

Popular Searches

Google Rating
Based on 121 reviews