Errors and Omissions Insurance in Virginia

  • Compare quotes in minutes, with no commitment to buy
  • Buy online and get confirmation of coverage immediately
  • Access only top-quality insurance companies (A-rated or better)

Get instant quotes

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. Professional Liability 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 795,624 small businesses in Virginia as of 202. They are responsible for 99.5 percent of businesses in the state, but these numbers are increasing.

No matter what industry that you’re working in, the kind of products you offer, or the nature of your services, mistakes may happen. While you may be an experienced professional but it only takes one mistake to start a suit against your company.

Errors and Omissions insurance is crucial for entrepreneurs with small businesses in order to safeguard their future financial security in a highly competitive market. Your business is protected against any claim arising out of your negligent actions (errors) as well as insufficient services (omissions).

What does Errors and Omissions insurance cover?

In Vermont, Errors and Omissions insurance covers your legal expenses up to the limits specified in your contract. It will help you save:

  • Legal fees – The majority of lawyers are charged an hourly rate. Engaging an experienced lawyer can be costly, even if the issue is resolved quickly. Therefore, the longer it takes to get resolved, the more you’ll pay.
  • Court Expenses – Filing documents in the court’s office, underwriting fees or other administrative costs and any other legal costs.
  • Settlements to keep both sides in the pocket and to avoid costly, lengthy cost of litigation, the majority of cases are settled without the courtroom. You may have to pay an individual client a certain amount based upon the advice of your legal counsel.
  • 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. In the event that you do not, there is the possibility of a lien being applied against your business assets.

Who needs Omissions and Errors insurance in Virginia?

Professionals and companies whose job pertains to providing clients with counsel, informed recommendations or conceiving solutions, or who serve the needs of others may purchase Errors and Omissions insurance.

Regardless of whether the associated claim is valid or unsubstantiated, Errors and Omissions insurance will protect your professional reputation and profits as well as business assets from potentially expensive negative consequences.

Professions that generally require E&O 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 E&O insurance cost in Virginia?

In Virginia, the average cost for Errors and Omissions insurance is $812 per year. However, it is contingent on your particular business. Like other insurances, the more risky the element that you are exposed to, the more you likely have to pay for it.

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

  • Your company’s top priorities, location and risk appetite
  • The turnover of your business and size
  • The amount of insurance coverage you need
  • Your prior claims history If there were any
  • The individuals being covered – their qualifications and suitability for the position, as well as any claims from the past

Get instant quotes

How to get E&O coverage for Virginia business?

BizInsure makes it easier to compare E&O policies with the top-rated U.S. insurers and find the suitable coverage for your business at an affordable rate.

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
bizinsurance makes purchasing Business Insurance...SIMPLE!
Andrea W.
Great quality of Service ,faster and convenience way to pay at most. Thank you for your Service to my Healthcare Facility .
Quick and easy!!!!
Great service! Easy process and very informative representative. Andrea was great and very patience with our process. I would recommend using them!!
Terrance R.
Always and easy process. Thanks!
Gerald S.
Renewal was quick and easy online
Angelita K.
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.
Easy to submit an application and to get quotes
Simone S.
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.
advanced U.
Great service. Very professional and cordial. Thanks
Jeremiah U.
BizInure has been a great company for our insurance needs. I wish customers services was 24/7, that would make it a five stars
Novilette L. J.
Easy to navigate what you need. Always notify ahead of renewal!
Athena T.
This is the best company I have ever worked with. They are professional and get you exactly what you need. I highly recommend them!
Jim P.
this is really easy
Riaz R.
Andrea was very useful and professional. I will be recommending Biznsure to my friends that need business insurance. Keep up the good work. I wish the agency also offers auto insurance and whenever you do I will be one of the first to sign up as sign of my appreciation.Mike Okonkwo.
Mike O
Kalab was excellent. Great, great Agent. Every step was organized and well planned. I WILL recommend your firm to anyone. Thank you...
Easy to renew Policy
Plain S.
Great total experience. The agent was professional, knowledgeable,and a pleasure to work with. The fastest business insurance purchase I've ever experience. I highly recommend Bizinsure.
Tony W.
Communication was excellent and the process was easy.
Jessie R.
I have been using Bizinsure for several years and find the ease of renewing as well as generating additional insured certificates to be easy and useful, especially as a sole prop. thank you
Michelle C.
Kaleb tailored the right coverage to our business. Customer service was good and gave great understanding of coverage. Thank you from Goleda's Gentle Homecare LLC
Aneesah M.
Supreme A.
Easiest & fastest online quote and purchasing experience out there. Inside of 10 minutes I had a quote, payment draft, and policy in force... and at the most competitive GL rates I found.
Rusty H.
very quick and prompt service.
Sally Jo W.
caleb was great in helping me navigate thecorrect liabilty insurance for my company
Lindsay Erin P.
Friendly fast service I recommend you to all vendors
Terry R.
Kemi S.
Great Customer service and easy renewal process!!!! I would refer this company to anyone.
Chris H.
Great company easy to work with, Andrew was very helpful,you can call him any time he is ready to listen and help
Olu A.
Good customer service indeed
Google Rating
Based on 214 reviews