AE Blog - Errors and Omissions Coverage for Engineering Professionals
Errors and omissions insurance for engineers exists to protect industry professionals from mistakes and/or perceived mistakes made during the design and development process. E&O may exclude negligent acts other than errors and omissions.
Ensuring continuous and appropriate errors and omissions coverage is imperative for professionals in many industries, and engineering is no exception. A gap in coverage can prove costly, regardless of the business conducted during that specific period of time. Furthermore, it is uncommon for carriers to allow back-dated or retroactive policy implementation. Staying abreast of your renewal date and other specifics regarding coverage can help to prevent serious exposure down the road.
Errors and omissions insurance can vary in cost based upon the type of engineering work performed, the area of the country in which the company is based, and a variety of other factors. Visit our page for more information.