Errors and Omissions Insurance in Fort Worth, TX
Errors and omissions (E&O) insurance is a crucial financial safeguard for many professionals and businesses in Fort Worth, TX and throughout the Lone Star State. But coverage can be complicated and may require the knowledge and experience of a qualified E&O insurance professional. Fortunately, the team at Cornerstone Independent Insurance Agency LLC is up to the task.
What Does E&O Insurance Cover? 
E&O insurance, also known as professional liability insurance, is designed to financially protect your business if a client claims you made a mistake from which they accrued losses. Specifically, it may help you respond to the following allegations:
- Professional errors
- Negligence
- Omissions
- Oversights
- Misrepresentations
- Missed deadlines
- Breaches of contracts
If a client, customer or other party leverages such accusations against your business, your E&O policy can help pay for the following expenses:
- Attorney fees
- Court costs
- Expert witness expenses
- Settlements
- Court-ordered judgments
E&O insurance is often especially important for businesses that provide trusted guidance and advice, such as consultants, real estate agents and accountants, but it can benefit any business that offers professional services.
Why Is E&O Insurance Important?
Even a small oversight can lead to costly legal claims that threaten your business’s future and inflict significant reputational harm. E&O insurance can provide financial aid and make all the difference in responding to and managing these scenarios. Additionally, in some industries, carrying E&O insurance may be required by clients, contracts or state regulations. Even when it’s not mandatory, having this coverage demonstrates your commitment to professionalism and client financial security.
How Our Team Helps Fort Worth Businesses
At Cornerstone Independent Insurance Agency LLC, our team works closely with business owners and professionals to assess their risks and recommend the right E&O insurance options. We take the time to understand your operations, industry requirements and budget, helping you receive coverage that fits your needs.
Contact us today to discuss E&O insurance solutions for your Fort Worth, TX business.