Errors and Omissions

People in professional positions have a great amount of responsibility resting on their shoulders. When they make mistakes, it places health, financial solvency, and careers at stake. Even small mistakes can be costly for the professionals who make them.

Errors and Omissions insurance coverage (E&O), which is also referred to as professional liability insurance (PLI) helps to minimize those risks for professionals in a wide range of fields and industries.

Because many professionals are confused about whether or not errors and omissions insurance coverage is needed, Johl & Company is here to help you determine if this is an investment you’re likely to need in your line of work.

Why is Errors and Omissions Coverage Necessary?

Anyone who provides a service or dispenses advice in the course of his or her work, needs this vital type of insurance protection. Not only does it assist with the payments of judgments awarded against you, but it also assists with the costs of legal fees for defending yourself – even if you’re ultimately found innocent of the claims filed against you.

In fact, one of the reasons this type of coverage is so necessary is the litigious nature of society these days. Many claims filed against professionals are frivolous and the costs of defending against them adds up quickly. Errors and omissions coverage protects your assets and interests from being chipped away in legal fees – up to the limit of your coverage.

Who Needs Errors and Omissions Coverage?

The list of professional who do not need this type of insurance protection may be smaller. Essentially anyone who provides services for professional reasons or offers advice is subject to lawsuits related to their positions.

In the healthcare industry, this insurance coverage is often referred to as medical malpractice insurance. But medical practitioners are not the only ones who need E&O Coverage. In fact, many, many more professionals may find themselves in need of this coverage along the way, including:

  • Wedding planners
  • Software developers
  • General contractors
  • Attorneys
  • Photographers
  • Website designers
  • Funeral directors
  • Accountants
  • Financial Planners
  • Advertising agencies
  • Commercial printers
  • Veterinarians
  • Hair stylists
  • Debt collectors
  • Yoga instructors
  • Interior decorators

These are just a few of the fields where this type of insurance coverage is beneficial – even necessary.

Is Errors and Omissions Insurance a Legal Requirement?

There are some fields in which E&O Insurance is a legal necessity. Most states require it for professionals in legal and medical industries. This is one of the reasons it’s always wise for New Jersey residents to work with independent insurance agencies that know the lay of the land and understand the legal requirements for professional liability insurance and other types of coverage.

Whether it’s required or not, it’s a good investment for anyone at risk of litigation regarding their profession or the work they’ve done for others. It only takes one lawsuit to put a business in the red in a really big way – and that’s just in legal fees.

How can Johl & Company Help You with Your Errors and Omissions Coverage?

Johl & Company has served the insurance needs of New Jersey professionals since 1963. We understand that there are unique needs you face and some that are fairly general and we’ll help you get the right coverage for your industry as well as your unique business.

As an independent agency, we believe in selling you the coverage you need rather than selling you what there is. It’s a subtle difference that is really big when it comes to the value and costs of your coverage. It’s also one of the reasons we have such rave reviews from our clients.

Call Johl & Company at 877-774-7382 today to learn more about your E&O insurance options and to get a free review of your current policy or a rate quote for professional liability coverage.

Talk to Us! Let us know how we can help

Contact us today for a free quote for both personal and business coverage.

What Our Clients Say

  • reviews

    I would like to start by saying my experience with your agency has been amazing. I have been a customer for a few years. When I first stepped foot in your office I was close to loosing my car insurance coverage with my old provider, some places were turning me away and I was receiving high quotes from other companies. Your agency was the only one that took their time with explaining my options and providing the best insurance coverage that suits my needs. Your knowledge in this field helped to educate me with my decisions.

    – Yadira B, Garfield, NJ

  • reviews

    Just a few words of appreciation. The Kozma/Johl Insurance agency have insured my home and automobiles etc. for the past fifty years, during this period I had a few problems which were resolved without incident. The agencies associates were very professional in resolving these claims and I was more than satisfied with the results.
    Furthermore I will recommend the agencies services to my family and friends without reservation. Once again thank you

    – Carl H., Elmwood Pk, NJ

  • reviews

    Two years ago, I needed insurance for my newly purchased condo. When I reached out to my good friend Drew Stolz for advice, he not only assisted but was also able to get me car insurance, bundled with the condo policy for a cheaper price! He immediately found an affordable plan and explained all the details in ways I could understand. Every year on the annual date, he looks to find the best coverage plan and also one that is the most affordable. I am so grateful for Drew’s assistance.

    – Kim L., Granby, CT

  • reviews

    I have been a customer of Johl & Co for many years, both for my business and personal insurance. Over the entire time, I have been treated with best in class service along with competitive rates. Everyone at Johl that I have dealt with over the years has always been able to address any question, claim or concern in the most prompt professional manner. I would strongly recommend Johl & Co. to anyone for all their insurance needs.

    – Bob K., Englewood Cliffs

  • reviews

    As far as the John Johl Company, I have been a customer for I want to say like 22 plus years. I have been more than satisfied not only with the coverage , but with the service as well. You are there when I need you and you take the extra step to ensure the best coverage and the best options for Kathy & my peace of mind.
    Geiko , Progressive who ??? I Always refer you…..

    – Mark N., Lyndhurst, NJ