Errors & Omissions

Errors & Omissions (E&O) insurance also known as Professional Liability, provides coverage against claims of mistakes and/or negligence. Errors & Omissions insurance covers various types of potential exposures that are routinely excluded from most General Liability policies.  Policies can cover legal costs and settlements in an event of a claim.

 

Errors & Omissions policies are designed to suit specific professional needs. These policies will contain provisions specific to the exposures of that industry. Novum Underwriting Partners specializes in the following:

 

Miscellaneous Errors & Omissions (E&O)

Overview

The most comprehensive of the E&O policies available, Miscellaneous E&O has a broad policy form. By design, these policies contain broad form endorsements to cover a multitude of professional services.  With hundreds of eligible class codes, Novum will tailor an E&O policy to cover your insureds exposures.  

Product Limits

$1,000,000 - $15,000,000

Stand-alone or Package

Carriers

AM Best "A" rated carriers

Admitted and Non-Admitted

Territories

Available in all states

Target Classes

Property Managers

Executive Search Firms

Staffing Firms

Consultants

Payroll Services

Tutors

Photographers

Paralegals

+ many more

Search any class

 

Technology Errors & Omissions (E&O)

Overview

Technology Errors & Omissions is specifically designed to suit the unique exposures businesses with technology-based services and technology products encounter.   With the evolving marketplace of liabilities that technology companies face, Technology E&O is continually evolving to provide coverage against claims involving the E&O of software, hardware, and intellectual property claims.

Product Limits

$1,000,000+

Carriers

AM Best "A" rated carriers

Admitted and Non-Admitted

Highlights

Modular form covers E&O, Media, and Cyber

Broad professional liability policy

Coverage for invasion of privacy, defamation, and plagiarism

1st and 3rd party cyber coverage

E-crime

Loss Prevention and Risk Management Services

Target

Technology-based Companies

Territories

Available in all states

 

Lawyers Professional Errors & Omissions (E&O)

Overview

Lawyers Professional Liability insurance provides coverage against claims of negligence or mistakes that cause financial harm to another person or company.  Examples of harm include, negligence, misrepresentation, violation of good faith and fair dealing and inaccurate advice.  It covers both the obligation to pay damages for covered claims, as well as the cost to defend against such claims.

Target

3 to 150 Attorney Law Firms

Submit Errors & Omissions easily with Novum Online

Highlights

Unlimited Extended Reporting Period

Mutual Selection of Defense Available

Sublimit Supplemental Privacy Coverage for Crisis Management, Notification & Credit Monitoring, and Data Forensics Expenses

50/50 Consent to Settle Provision

Disciplinary Proceedings, Lost Earnings, and Subpoena Coverage

Coverage for Predecessor Firms, Independent Contractors, and Of Counsel

Educational Portal and up to 5 hours of free CLE for policy holders

AIG
allied world
amerisafe
amtrust
benchmark
berkley
chubb
CNA
core specialty 2
crum & forster
employers
guard
intact logo
markel_logo
mid continent
national general
philadelphia
pie
starr
travelers
verus
AIG
allied world
amerisafe
amtrust
benchmark
berkley
chubb
CNA
core specialty 2
crum & forster
employers
guard
intact logo
markel_logo
mid continent
national general
philadelphia
pie
starr
travelers
verus
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