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Errors and Omissions (E&O) Insurance Explained for Construction?

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Errors and omissions (E&O) insurance covers contractors against financial loss resulting from mistakes, errors, or claims of negligence. While general liability insurance covers against claims related to injury or property damage, errors and omissions insurance protects from lawsuits related to financial loss.

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Professional Liability Insurance Explained

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Professional liability insurance protects against claims related to professional negligence. Some other forms of insurance that are key for construction businesses include: Worker’s compensation General liability Builder’s risk Subcontractor Default Insurance Inland Marine. What is professional liability insurance?