A claim can be triggered by any allegation of negligence, error, or omission in the professional services you provide that results in a financial loss for your client.

While not generally required by law, certain professional regulatory bodies and contracts may require E&O Insurance to operate legally or to fulfill contract terms.

General Liability Insurance covers bodily injury and property damage claims, whereas E&O Insurance covers claims related to the services or advice provided by a business.

Yes, E&O policies can be structured to cover the actions of employees and subcontractors acting on behalf of the business.

Some E&O policies include coverage for claims of copyright or trademark infringement resulting from the services provided, but this is not standard in all policies.

E&O Insurance is typically claims-made coverage, meaning it only covers claims filed during the policy period. However, purchasing an extended reporting period can cover claims reported after the policy ends, as long as the incident occurred during the policy period.

It depends on the policy. Some E&O policies include defense costs within the limit of liability (eroding the limits), while others offer defense costs outside the limits of liability.

You can provide a Certificate of Insurance (COI), which is an official document that verifies the existence of your E&O Insurance policy and outlines the key aspects of your coverage.