Errors & Omissions Liability is financial protection for your business or practice designed to meet the cost of defending claims and compensatory damages which you may be legally obligated to pay following an alleged error, omission or negligent act arising out of your professional services.
In these days of increased personal and corporate consumer awareness, people are much less hesitant to launch pursue claims. If they consider that a substandard service has been given, you may be held legally responsible. Court awards have risen sharply in recent years and without insurance, your financial security is threatened.
Architects and engineers are integral in ensuring the successful design and implementation of all development projects, and, as a result, are exposed to considerable risks. Professional liability insurance program for architects and engineers protects firms offering architectural, engineering, land surveying or landscape architectural services against claims or allegations of professional negligence on the part of the business owner or the firm’s employees.
Environmental consultants provide a diverse range of services that considerably increase their exposure to environmental liabilities. Environmental Consultants errors and omissions insurance protects consultants and their businesses against allegations of negligence, claims and damages, as well as provides protection from pollution and other environmental liabilities.
As society grows in complexity, so does the role of legal professionals and the range of potential liabilities they face. Errors and Omissions (E&O) insurance protects legal professionals against allegations of errors, omissions and negligent acts.
Individuals and companies of all sizes rely on the expertise of financial professionals for successful investments and businesses. However, this high level of trust comes with considerable liability exposure. Errors and Omissions (E&O) insurance protects financial professionals against allegations of negligent acts, errors, and omissions.
Medical professionals help to improve the quality of life for all Canadians, but in so doing, they are exposed to a range of potential professional and personal liabilities. exposures. Errors and Omissions (E&O) insurance for medical risks protects professionals in this industry against allegations of omissions, errors, and negligence.
Certain designers must carry professional indemnity insurance, meeting requirements in the Ontario Building Code. Insurance Certificates, which are required to verify insurance coverage, can be obtained through Binks. Binks is an approved provider of Professional Liability Insurance for Registered Design Firms in Ontario.
A highly competitive marketplace has increased the demand for specialized advice and services in a wide range of industries. The flexibility of our unique Miscellaneous Errors and Omissions (E&O) insurance permits Binks to underwrite a diverse range of both individual, one-off and specialized risks, while adapting coverage to accommodate virtually all special requirements. Our comprehensive coverage protects professionals against allegations of errors, omissions and negligent acts.
Over the years, we’ve reduced risk for a wide range of companies from Aerial Mappers to Urban Planners and just about every kind of business in between.