ERRORS AND OMISSIONS LIABILITY INSURANCE

NOW THAT YOU ARE YOUR OWN BOSS YOU WILL NEED INSURANCE IN ORDER TO:

  • PROTECT YOUR PERSONAL ASSETS
  • SECURE NEW BUSINESS CONTRACTS
  • PROTECT THE VIABILITY OF YOUR OPERATION

ERRORS AND OMISSIONS INSURANCE POLICIES ARE AVAILABLE FOR MEDIATORS THAT:

  • PROVIDE INDEMNITY PAYMENT COVERAGE
  • PROVIDE LEGAL EXPENSE COST COVERAGE
  • ARE SUBJECT TO A LOW MINIMUM PREMIUM
  • ARE SUBJECT TO A LOW MINIMUM RETENTION

E & O coverage is tailored to meet the needs of many professional occupations. It helps protect companies and their professionals against the financial consequences of a professional liability lawsuit. Any service performed by professionals today may fail to meet a client's expectation. Moreover, the litigious environment of the present offers an outlet in which unsatisfied clients may seek reparations, putting professional careers and personal assets at risk.

The service that mediators provide is invaluable to the local community and in fact the court systems. First Dallas Insurance and Blais Excess and Surplus of Texas, Ltd are excited about the opportunity to protect the well being of the individuals that work diligently to bring conflict resolution to others.

The following are answers to typical questions posed by individuals and entities seeking out errors and omissions coverage:

Who is Insured under a typical policy?

  • The named insured
  • Any present or former partner, executive officer, director or employee of the named insured while acting within the scope of their duties on behalf of the named insured
  • The estates, heirs and legal representatives in the event of death or in competency of any individual insured

What is typically considered a Wrongful Act?
Any actual or alleged error or omission or breach of duty committed or alleged to have been committed or for failure to render such professional services as are customarily rendered in the profession of the insured.

What Claim Expenses are covered?
Usually Fees charged by an attorney designated by the Insurer and fees, costs, expenses incurred in the investigation, adjustment and defense and appeal of a claim.

What is a Loss?
A monetary award, judgment or settlement for damages (excluding fees or charges for the services rendered or to be rendered).

Contact Us Today For A Blank Application And Specimen Policy So We Can Begin The Application Process On Your Behalf.

First Dallas Insurance Agency
Contact: Rich Brown
325 648 3065 		Blais Excess and Surplus Agency of Texas, Ltd
Contact: Benjamin Young
972 818 4090

First Dallas Insurance and Blais Excess and Surplus of Texas, Ltd are specialty brokers that focus exclusively on Executive Liability Insurance solutions for public, private and not for profit entities.

Contact us today to discuss any of the following products:

  • Directors And Officers Liability
  • Employment Practices Liability
  • Fiduciary Liability
  • Errors And Omissions Liability
  • Crime Coverage (Fidelity Bonding)
  • Kidnap, Ransom And Extortion Coverage

 


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