Errors and Omissions
Errors and omissions insurance coverage is an essential part of protecting companies that provide professional services. Accusations of negligence or failure to perform are just two examples of errors any professional services company can be sued for.
Coverage highlights include:
Directors & Officers
Boards of Directors and executives need sound risk management strategies coupled with insurance solutions that address a wide range of risks. To meet this need, P.R.I.M.E. Insurance specialists can obtain coverage for defense costs and damages (awards and settlements) arising out of wrongful act allegations and lawsuits brought against an organizations board of directors and/or officers.
Directors & Officers (D&O) Liability insurance can be written to cover the directors and officers of for-profit businesses, privately held firms, not-for-profit organizations, and educational institutions. In effect, the policies function as Management Errors & Omissions (E&O) Liability insurance, covering claims resulting from managerial decisions that have adverse financial consequences