Errors & Omissions Insurance in Dallas, TX
Protect Your Business with Errors & Omissions Insurance
Mistakes can happen - and when they do, a client dispute can get expensive fast. E&O insurance helps protect you when a client claims your services, advice, or deliverables caused them financial harm.
At The Thumann Agency, we help Dallas professionals secure tailored E&O coverage. As an independent insurance agency, we shop and compare quotes from 80+ top-rated carriers to help you find the right fit at a competitive rate.
Why Choose the Thumann Insurance Agency
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Independent agency (80+ carriers)
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Fast COIs for contracts
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Help matching limits to agreements
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Here’s what clients are saying in their 5-Star Google Reviews:
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“Quick, thorough and professional. Highly recommended.”
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“They always find great options for me.”
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“Same-day turnaround for all of my commercial needs. Telling all my friends!”
What Is Errors & Omissions (E&O) Insurance?
Errors & Omissions (E&O) insurance helps protect you if a client claims your services, advice, or deliverables caused them a financial loss. It can help with legal defense costs and certain settlements, depending on policy wording.
E&O is often referred to as professional liability insurance - learn more about Professional Liability Insurance in Dallas, TX.
Frequently Asked Questions about Errors & Omissions Insurance
Who Needs E&O Insurance in Dallas, TX?
Professionals who offer advice, services, or expertise to clients should consider E&O Insurance. This includes:
- Real estate agents
- Consultants
- Financial advisors
- Accountants
- Architects
Businesses in industries like IT, marketing, and engineering also often benefit from E&O Insurance, as they are vulnerable to lawsuits if their services don’t meet client expectations.
How Much Does E&O Insurance Cost in Dallas, TX?
E&O pricing depends on your industry, revenue, contracts, limits, and claims history. The fastest way to get an accurate number is to quote it based on what you do.
Key Factors That Affect Cost:
- Industry Risk: Higher-risk industries (like healthcare or legal services) may have higher premiums.
- Business Size: Larger businesses or those with more clients may require more coverage, leading to higher premiums.
- Claims History: A history of previous claims can increase your insurance costs.
What Does E&O Insurance Cover?
E&O Insurance covers:
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Legal defense costs: Attorney fees, court costs, and settlements.
- Negligence claims: Errors or omissions in your services that cause financial harm to clients.
- Missed deadlines: Failure to deliver a service or project on time, resulting in financial loss for a client.
Example: A marketing consultant in Dallas misses a deadline for a client’s ad campaign, causing the client to lose revenue. E&O Insurance would cover the legal fees and settlement costs if the client sues for negligence.
What Isn’t Covered by E&O Insurance?
E&O Insurance does not cover:
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Intentional misconduct: Fraud or illegal acts.
- Property damage: This requires separate General Liability or Commercial Property Insurance.
- Employee injuries: Covered by Workers' Compensation Insurance.
For comprehensive protection, businesses should combine E&O Insurance with other essential policies like General Liability and Commercial Property Insurance.
Why is E&O Insurance Important for Dallas Businesses?
In a competitive city like Dallas, where many professionals offer expert services, E&O Insurance is crucial. One lawsuit could severely impact your business’s finances and reputation. Having E&O coverage provides peace of mind, allowing you to focus on your business without worrying about the “what-ifs.”
Even a single claim can get expensive once legal defense costs start adding up. E&O insurance helps protect your business when a client alleges your work caused them financial harm.
Other Important Insurance Policies
At the Thumann Agency, we understand that E&O Insurance is just one piece of the puzzle. We offer a full range of business insurance solutions to protect every aspect of your operations:
- General Liability Insurance: Protects against third-party claims for bodily injury or property damage.
- Commercial Auto Insurance: Covers vehicles used for business purposes.
- Workers' Compensation Insurance: Protects your employees and business from work-related injuries.
- Commercial Property Insurance: Covers your business’s physical assets like buildings and equipment.
By bundling these policies with your E&O Insurance, you can ensure your business is protected from all angles, saving time and money.
Get a Quote Today!
If you’re ready to protect your business with Errors & Omissions Insurance in Dallas, TX, reach out to the Thumann Agency. We’ll help you find the right coverage, compare quotes, and make sure you have the best policy for your needs. Contact us today for a personalized consultation.
Call 972.991.9100 | Request a Quote
