Errors & Omissions Insurance
Don’t Let A Mistake Sink Your Business
YOU NEED A SAFETY NET
Even the best of the best, make mistakes – or omissions, at the very least. But you never want a human mistake to cost you everything. The financial burden of defending against lawsuits from alleged mistakes, errors, or omissions is a legitimate concern.
Finding the right coverage gives you the peace of mind and risk management you need so that you can focus on your core business.
EVEN WHEN YOU’VE DONE EVERYTHING CORRECTLY, DEFENDING AGAINST A LAWSUIT IS COSTLY
TYPES OF COVERAGE
The Right E&O Coverage For Your Budget
Ensuring that you’re properly insured is critical to mitigating risk with your business and your livelihood. Cornerstone shops the market, searching for just the right E&O coverage for your budget.
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Errors and omissions (E&O) insurance is important for businesses that provide professional services or advice. This type of insurance protects businesses against claims made by clients due to mistakes or omissions made by the business or its employees. Without E&O insurance, a business could face significant financial losses if a claim is made against them.
In addition to providing financial protection, E&O insurance can also help to build trust and credibility with clients. By having E&O insurance, a business is demonstrating that they take their work seriously and are willing to take responsibility for any mistakes or omissions that may occur. This can help to reassure clients that they are working with a reputable and trustworthy business.
Finally, E&O insurance can also help to mitigate risks associated with lawsuits. If a claim is made against a business, the insurance company will often provide legal representation and support. This can help to minimize the impact of a lawsuit on the business and its reputation. Overall, E&O insurance is an important investment for any business that provides professional services or advice, as it can provide financial protection, build trust with clients, and mitigate risks associated with lawsuits. Our team is dedicated to ensuring that you get the most competitive prices and highest quality products or services.
Tech E&O Insurance
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Errors and omissions (E&O) insurance is particularly important for businesses that work in the technology industry, as even small errors or omissions can have significant consequences. For example, an error in software code could lead to a data breach or system failure, which could result in significant financial losses for clients. E&O insurance can provide financial protection for businesses in the event that a claim is made against them due to a mistake or omission made in their work.
In addition to financial protection, E&O insurance can also help businesses in the technology sector to demonstrate their expertise and professionalism to clients. By having E&O insurance, a business is showing that they take their work seriously and are willing to take responsibility for any mistakes or omissions that may occur. This can help to build trust and credibility with clients, which is particularly important in the technology industry where clients may be entrusting businesses with sensitive data or important systems.
Finally, E&O insurance can also help to reduce the impact of lawsuits on technology businesses. In the event that a claim is made against a business, the insurance company will often provide legal representation and support. This can help to minimize the impact of a lawsuit on the business and its reputation, as well as provide guidance on how to address the situation and prevent similar issues from occurring in the future. Overall, E&O insurance is a critical investment for any technology business that provides professional services or advice, as it can provide financial protection, build trust with clients, and mitigate risks associated with lawsuits. With Cornerstone, you can rest easy knowing that we have your best interests at heart and will do everything in our power to deliver exceptional value.
Protect Your Business
Coverage Designed Specifically For You
We Discover Your Needs
We shop the market
We bring you the best coverage & value
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Be Protected With Proper Coverage
A bankruptcy judge has allowed current and former officials of SVB Financial Group, the parent company of Silicon Valley Bank, to access $210 million in insurance coverage from directors and officers liability policies to defend themselves against litigation following the bank's collapse. The Committee of Unsecured Creditors had objected, arguing that spending insurance money on defense would leave less for other potential litigation or settlements. However, Judge Martin Glenn stated that the policies explicitly give priority to the bank's directors and officers and that insurance exists precisely for such situations, adding sufficient oversight measures to prevent wasteful depletion of funds.
Cornerstone provides us with what we need, confidence that they have the right answer when we need it.
Client Since 2017
I had an excellent experience with Cornerstone. They took the time to identify my specific needs instead of just pushing a product. They really went above & beyond my expectations.
Cornerstone provides great services to handle our business needs. Great customer service and a pleasure to work with on a daily basis!