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Errors and Omissions (E&O) Indemnity


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Did you know your public liability insurance only covers you for damage to other property, or in some cases, injury?

 

Errors and Omissions (E&O) is the insurance that covers your legal costs if your company, or you individually, are held responsible for a service you provided, or failed to provide, that did not have the expected or promised results and has caused someone financial loss.

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The Builtin E&O policy has been specially designed for building contractors and project managers.

It covers judgments, settlements and defence costs in cases where your client decides to sue you because they think something you’ve said, or not said, has cost them financially. 

For example:

A builder was named as a defendant in a leaky home case, even though all he had done was correctly repair a window.  He hadn’t even built the property!  It cost him $40,000 just to be removed from the law suit.  Can you afford to pay that?  Even if you win, could you afford the legal fees to defend the case?

With the increase in “no win no fee” lawsuits sometimes the client has nothing to lose, while you could lose everything.

Click here to get an instant quote.
Click here to apply and get covered today.