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

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While E&O is not usually a legal requirement, many construction professionals take out an E&O policy to protect themselves against potentially devastating financial losses resulting from negligence. A construction contract creates a legal responsibility for the contractor to fulfill certain obligations to another party.

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Professional Liability Insurance Explained

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When a contractor enters into a construction contract, they agree to fulfill a certain set of requirements for another party—often a general contractor. Because construction workers and tradespeople perform complicated and risky work, the possibility for making a mistake is high across the industry.