Mistakes don’t have to mean the end of the world (or your business).

In any profession, there is a standard of care and performance that clients rely on. Yet mistakes happen…all the time. Even with best practices in place, an error or omission on a project can result in cost overruns, delays, lost cases, system failures, etc. — not to mention customer dissatisfaction resulting in a potential lawsuit.

This is why most professionals carry errors & omissions (E&O) insurance. E&O provides coverage for claims that result from negligent actions for either providing or failing to provide professional services. This insurance provides for the defense and indemnity of covered claims and saves you the cost of defending and settling allegations of negligence, even if the suit is without merit.

Above and beyond standard liability policies.

A standard commercial general liability policy typically does not provide coverage for errors and omissions liability. So, whether you are a small firm or a large corporation, E&O insurance should be an integral component of your insurance program.

There are also several different options available, such as the ability to get legal fees covered outside of your total limits of liability, so that your full limits of insurance are available to cover settlements or awards. You may want “prior acts coverage,” which can be written to cover the actions of professionals in firms you are acquiring while they were operating independently of your company. Or perhaps you’re nearing retirement and would like a policy with an extended reporting period to pay for claims that arise after you close your office. We can help you, just as we’ve helped numerous businesses in New Jersey, Pennsylvania, and Connecticut, including companies and organizations in Mercer, Middlesex, Monmouth, and Ocean Counties, as well as Bucks County, PA.

In addition, we can provide you with E&O solutions that include employment practices liability (EPLI): protection against employee-related claims, such as discrimination, sexual harassment, and wrongful termination, among other workplace issues.

Call now to speak with a representative about E&O insurance. Martin has the experience and expertise to protect you and your business. We invite you to find out more about the difference we can make in insuring what’s important to you. Please click here for a quote or give us a call at 800.353.5000.

Q. Why do I need errors & omissions insurance?

A. If you own or are thinking about starting a business, having insurance coverage should be one of your top priorities — right after incorporation and a business plan.

Without specialized coverage like E&O insurance, everything you put into a business could easily be wiped out with one accident, law suit, or other unplanned hardship. The Martin Insurance Group can help you assess your needs and get the right business insurance for your organization. Whether it’s as simple as a BOP (Business Owners Policy), or specialized industry coverage like bakery insurance or even cyber liability coverage, we can help.

Q. Why should I buy errors & omissions insurance from you?

A. Martin Insurance Group works with hundreds of New Jersey, Pennsylvania, and Connecticut businesses of all sizes, in a diverse range of industries. Chances are, we have helped insure businesses similar to yours before ...READ MORE, so we know the ins and outs of your industry. What’s more, we have been selling insurance since 1983, and are a stable company you can trust.

Here are some additional reasons customers trust us for their commercial insurance needs:

We could save you money.
As an independent insurance agent, Martin isn’t tied down to one solution. We can compare policies and pricing on coverage such as general liability, workers compensation, and business umbrella insurance from a variety of providers and help you choose the one that’s right for your business’ unique needs.

We might even recommend one business insurance provider for part of your coverage and another for other coverage – whatever makes the most sense.

We stay on top of the paperwork.
With all that you have going on, it’s easy to forget to file or renew coverage. So Martin has developed quality control systems that ensure your commercial insurance records are current. We’ll even help you through the auditing process. No more scrambling to meet dates or find certificates – your Martin team will make sure you are on the ball and in compliance.

Q. I already have errors & omissions insurance. How do I know if it’s the right type or amount?

A. If you already have some form of errors & omissions insurance, but are not sure if it is the right type or amount of coverage, schedule a no-obligation review of your existing policies.

Our experienced team is generally able to identify gaps in coverage or opportunities to save money. Contact Martin today to schedule a complimentary review.

Email: info@martinins.com • Toll-Free: 800.353.5000 • Telephone: 609.356.1500
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