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EO Insurance protects against claims of negligence or inadequate work. EPLI Insurance protects businesses against claims made by employees related to employment practices. Target audiences are another differentiating factor. EPLI targets businesses of all sizes and in all industries that have employees.
What is miscellaneous EO?
Miscellaneous EO Professional Liability Insurance Our miscellaneous errors and omissions (EO) professional liability insurance shields professionals from financial losses due to claims of negligence or errors in a wide range of professional services across a variety of industries.
What is miscellaneous covering?
Miscellaneous Insurance refers to contracts of insurance other than those of Life, Fire and Marine insurance. It covers a variety of risks, the chief of which are:- Personal Accident insurance. Personal Accident insurance is insurance for individuals or groups of persons against any personal accident or illness.
What is miscellaneous errors and omissions insurance?
Our miscellaneous Errors and Omissions (EO) insurance protects businesses against a diverse range of errors, omissions and negligent acts allegations. It can be effortlessly adapted to accommodate special requirements for industries unique risks.
What is an example of an error and omissions claim?
Marketing consultant providing advice that caused your client to lose money on their product or service. They file a claim against your marketing company as a result. Tax preparer making a calculation error which caused your client to have to pay a penalty. As a result, they sue your accounting firm.
Professional Liability insurance, also known as Errors and Omissions (EO) coverage, is designed to protect your business against claims that professional advice or services you provided caused a customer financial harm due to actual or alleged mistakes or a failure to perform a service.
What is MPL insurance coverage?
Miscellaneous Professional Liability (MPL) is a type of insurance that provides protection to individuals and businesses from lawsuits or claims arising from errors or omissions in their professional services. This type of insurance is often referred to as errors and omissions (EO) insurance.
What does miscellaneous insurance cover?
Miscellaneous Professional Liability or MPL Insurance offers protection from financial loss that a business or professional individual could incur as a result of a lawsuit.
Related links
APPROVAL LIST For the Month of January 2011
Jan 31, 2011 10-8652 BEAZLEY INSURANCE COMPANY, INC. COMM OTHER LIABILITY. MPL SECURE: MISCELLANEOUS. PROFESSIONAL NETWORKS FORMS. 0. 0 APPROVED. 26-Jan-11.
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