Errors and Omissions Insurance

Errors and Omissions InsuranceErrors and omissions insurance is business liability insurance for professionals such as insurance agents, real estate agents and brokers, architects, third party administrators, quality control workers, NDE Persons, and other business professionals. An error or omission -- a mistake -- which causes financial harm to another, can occur on almost any transaction in any profession. This type of insurance helps to protect; a professional, an individual or a company, from bearing the full cost (up to the amount of the  policy) of defense for lawsuits and related cost of lives or property lost relating to an error or omission in providing covered professional services.

This insurance is extremely cost-prohibitive, and unless required by contractual needs should be avoided. This is a separate coverage from a standard general liability or property insurance policy. 

“I have been a Statland & Katz client for more than ten years and have always found Julie and her team to be service-oriented and responsive to my needs.  They have helped me select appropriate coverage limits, reduce my costs and understand a host of auto insurance issues.  As someone who spends every day focusing on my customers and developing their loyalty, I know I can count on Julie and her team will guide me through a smooth process.“
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Robert L. Johnson, Chief Service Officer Sprint-Nextel

5000 Sunnyside Ave., Suite 200 Beltsville, MD 20705
1-877-567-3749 | Phone: (301) 937-0400 | FAX: 301-937-5120 | E-mail:info@statlandkatz.com