d&o vs e&o

Protecting Your Business From Every Angle

Protecting Your Business From Every Angle

Errors and omissions insurance protects your business, but it’s not the only policy you need to keep your company safe from claims of malpractice or negligence. There’s also directors and officers insurance. If you know the difference between D&O vs E&O insurance, you can build the best policy that protects your business.

Errors and Omissions Insurance

Professional liability insurance, or errors and omissions insurance, is the most common form of coverage businesses believe they need for protection against malpractice claims. This provides protection for any employee and the overall business for a broad range of coverage. E&O covers the following claims:

Malpractice

Financial harm rendered based on your advice or services

Negligence

Directors and Officers Insurance

Directors and officers insurance is different from E&O in that it specifically protects the executives of a business when it comes to management decisions. The following claims can be covered by D&O insurance:

Sharing of sensitive information

Negligence

Employment practice claims

Poor investment decisions

Conflicting interests

If you want to protect your business, you need to understand D&O vs E&O insurance policies and how they differ from one another. Then, you can make sure you have appropriate coverage with a combination of the two that suits your company and keeps your business protected from the executive suite down to the employees who interact with clients.