Save 15% or more on errors and omissions insurance

If a client sues you for an unintentional negligent act or omission, E&O insurance covers the cost of defending yourself against the claim, as well as the settlement amount or damages that you may have to pay. These unintentional acts include:

• Bad advice, such as when a client alleges that they lost money or suffered other damages as a result of advice they received.
• Unfulfilled promises, such as missing a deadline or failing to deliver a promised service.
• Negligence, such as when a professional fails to meet a certain standard of care.
• Errors, including any inadvertent mistakes made while serving a client.
• Copyright infringement, when a professional unintentionally violates someone else’s copyright.

• Comprehensive E&O coverage: Berxi offers limits of liability up to $2 million per claim and $3 million aggregate, meaning you’ll be covered for up to $3 million in settlement and defense costs during each policy period.
• Consent to settle: we work with your defense attorney to reach the best possible outcome for you, and we won’t settle a claim without your approval.
• Defense for disciplinary actions: if you’re investigated by your professional regulatory organization, you’ll be covered up to $25,000 per policy period for defense. This amount is outside the limits of liability and not subject to your deductible.
• Wage loss/deposition expense coverage: if you’re required to attend hearings, depositions, or other proceedings, we’ll reimburse you up to $1,000 per day for lost wages and expenses.
• Optional policy add-ons, including general liability insurance and cyber insurance.

If a client files a claim or sues you for an unintentional negligent act or omission, E&O insurance can cover the cost of defending yourself against the claim, as well as the damages that you may have to pay. Depending on your policy, expenses covered by a typical E&O policy might include:

• Attorneys’ fees
• Arbitration costs
• Expert testimony fees
• Court costs and costs of attending trials
• Settlement and judgment costs
• License protection (if a licensing authority investigates you)
• Wage loss for time spent on your defense

Your E&O policy will also include access to a team of claims representatives who can help you navigate the process. At Berxi, you’ll hear back from a claims expert within 24 business hours. They will help you create a game plan, connect you with legal experts, and allow you to focus on your business.