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Comprehensive Errors & Omissions Insurance in Illinois by Hecht-Stout Insurance Agency

Protect Your Business in Illinois with E&O Insurance

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Hecht-Stout Insurance Agency/ error omission insurance

Errors & Omissions Insurance Provided By Our Agency

Mistakes are part of business. However, even a tiny mistake could result in a lawsuit for negligence from a client. Errors and Omissions (E&O) Liability Insurance from Hecht-Stout Insurance Agency in Dunlap can cover legal judgments or settlements. It also covers defense costs, which can be considerable even if you're not found at fault

What is Errors & Omissions Insurance?

Business liability insurance covers losses due to personal injury, property damage, or advertising injury. But what happens if a printer overlooks a typo on a large order of engraved wedding invitations? Or if a plumbing repair goes wrong, flooding an entire office? Errors and omissions insurance comes into play in this situation.

E&O insurance is specialized liability protection that covers damages not included in standard liability insurance. It protects you and your business in Dunlap from liability if a client sues for negligent actions, mistakes, or omissions that result in financial loss.

What Does Errors & Omissions Insurance Cover?

Errors and Omissions insurance helps protect your business in Illinois from claims of:

Negligence
Errors in services provided
Omissions
Misrepresentation
Breach of good faith and fair dealing
Incorrect advice

If someone sues your business for an error in the professional services you've provided, this insurance can help cover your expenses, including:

Attorney fees, ranging from $3,000 to $150,000.
Court costs, including expert witness fees and courtroom reservations.
Administrative costs, such as court reporters or office managers.
Judgments and settlements, which can reach thousands or even millions of dollars.

Why is Errors & Omissions Insurance Important?

Without Errors and Omissions insurance, liability claims can be so costly that they might force your business in Illinois to close. Legal expenses can cost thousands even if a client drops their claim. If found liable or if you settle out of court, you'll face substantial out-of-pocket costs.

That's why protecting your business with E&O coverage from Hecht-Stout Insurance Agency in Illinois is crucial. E&O insurance is typically tailored to meet your company's or industry's unique needs. Contact us today to learn more and find the right coverage for your business in Illinois!

Already have Error & Omission Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.

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