916-353-1023

Errors and Omissions Insurance

California Errors & Omissions Insurance

It’s a good news, bad news situation. The bad news: Lawsuits, once a measure of last resort, are now commonplace in settling disputes. The good news? You can protect yourself, and your business and reputation, by investing in professional liability coverage, also known as Errors and Omissions (E&O) insurance.

E&O insurance is supplementary liability insurance that enhances any business owner’s policy by safeguarding against catastrophic loss in the event of a lawsuit due to a negligent act, error or omission by the professional. In addition to claims of error, omission, or negligence, E&O insurance can also protect against slander, libel and breach of contract.

The insurance specialists at Paragon Insurance Services can help you build a comprehensive business insurance program.

Who Needs E&O Coverage?

It is appropriate coverage for anyone who gives advice, makes educated recommendations, designs solutions, or represents the needs of others. Service professionals, such as accountants, computer consultants, software developers, planners, architects, real estate agents, contractors, etc., are prime candidates for carrying E&O insurance.

Specialized forms of E&O coverage are also available to professions such as appraisers, real estate agents, insurance agents, home inspectors and notaries. Policies are designed to cover the large legal defense costs that are incurred trying to prove liability or innocence. They also ultimately cover the final judgment if the business owner does not win the lawsuit.

 

    Ready to Get Your Quote?

    With a few quick questions, we can get your quote started! Click the button below or give us a call at 916-353-1023!

    E&O Policy Overview

    E&O coverage kicks in where your Commercial General Liability policy does not provide coverage, such as for service errors, contract performance disputes or any other professional liability issues. These policies also include defense costs, which can be quite substantial even if liability is not found. Policies typically do not provide coverage for non-financial losses or for intentional or dishonest acts.

    E&O policies generally have both a claim limit and an annual limit, which is based on the insured’s exposure. The claim limit is the maximum amount that will be paid for any single event, and the annual limit is the maximum that will be paid in any one year. Typical limits range from $250,000/$500,000 to $2 million/$4 million and differ depending on the type of business.

    To be eligible for this specialized insurance, candidates normally have to have proof of licensure in their “covered class of business.”

       

      Keep Your Business Protected!  Get Your Quote Today!

      Business owners have a lot to consider when choosing insurance that fully protects their business. At Paragon Insurance Services we offer complete insurance packages for many different business types. We have years of experience and products to provide you exceptional service and value to our customers. As a business owner, you take calculated risks everyday in order keep your business thriving. But what about the risks you haven’t considered? 

       

      We have many commercial insurance policies to choose from:

      Learn About the Paragon Insurance Services Client Philosophy!

      Safety and Compliance

      • Employee Manual
      • Base Safety Programs
      • Human Resources
      • Employee Training
      s

      Insurance & Risk Management

      • Basic Policies - Liability
      • Basic Policies - Employee Benefits
      • Employee Benefits
      • Contractual Transfers

      Maximization of Efficiencies

      • Accounting & Taxation
      • Legal Guidance & Council
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      Annual Policy Reviews – What are We Talking About?

      Every year at about a couple months before your policy renews with Paragon, we will reach out to you to review your policies prior to their renewal so that we can ensure that you are STILL with the Right Insurance Company, with the Right Coverage, and paying the Right Price.

      If you decide you’d like to be quoted with other Insurance Companies you can quickly schedule a time for an in-depth market review where our team will re-quote your policies and provide you with the options so you can make the best decision possible.

      California Full Service Insurance Agency

      Paragon Insurance Services is able to provide its clients with the latest and greatest of what the insurance industry has to offer and much, much more. The Paragon team has developed an “insurance cost reduction” quoting plan, that provides you with the best coverage at the best rate!

      Our office is located in Folsom, CA and services the Sacramento Valley, California’s Central Valley, Northern California and beyond to provide a local feel to the solutions and services we provide our clients. We pride ourselves on exceeding our client’s expectations in every interaction to make sure that our client’s know how much we value and appreciate their business.

      Contact us today 1-916-353-1023 for your comprehensive errors and omissions insurance policy quote!

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