A number of insurance companies provide Errors and Omissions Insurance. Some of the companies are specialists that only provide this type of coverage, while others are larger insurers with a range of insurance products. The type of company a professional chooses to use may depend on several factors, including who provides the best quote and whether or not there are discounts available for a customer with several policies with the same firm. The Chubb Group, Fireman's Fund and Liberty Mutual Group are some examples of multi-line insurance companies that also offer Errors and Omissions Insurance.
Some insurance companies also specialize in particular types of Errors and Omissions Insurance. This is especially true when it comes to Medical Malpractice Insurance, which is both an expensive product and complicated to underwrite. Companies such as Medical Liability Mutual Insurance Company and the Doctors Company are specialists that only provide Medical Malpractice Insurance to the exclusion of other types of insurance products.
Professionals seeking Errors and Omissions Insurance also need to make sure they are obtaining their insurance from a reputable company with a strong rating. Ratings agencies such as A.M. Best assess insurance companies and rate their strength so that consumers can be sure that a company can pay any claims they may have.
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