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Errors and Omissions Insurance

Get professional liability protection with E&O insurance coverage.

Errors and Omissions ( E and O) Insurance

Errors and Omissions (E&O) Insurance

Errors and omissions insurance, also called professional liability insurance or E and O insurance, provides financial protection for businesses from claims of poor work, bad advice, or negligence. 

If you're looking for errors and omissions insurance, the ideal next step is to connect with the Buildsure team. They will help you navigate the complexities of finding affordable professional liability coverage that best suits your business needs.

 

 

What is Errors and Omissions Liability Insurance

What is Errors and Omissions Liability Insurance?

Errors and omissions liability insurance protects homebuilders from financial losses due to claims of professional negligence or errors in construction projects.

E and O insurance is essential coverage for all homebuilders. That's why many builders turn to the Buildsure team to help them find a professional liability policy customized to their business needs and risks. 

 

What Does Errors and Omissions Insurance Cover?

Errors and omissions insurance for builders typically protects against claims of design flaws, construction defects, failure to meet building codes, and incomplete or delayed projects. It provides coverage from financial costs such as legal expenses, court costs, settlements, or judgments.

 

What Does Errors and Omission Insurance Cover (1)
Is errors and omissions insurance worth it

Is Errors and Omissions Insurance Worth It?

For many builders, protecting their business against financial losses and gaining peace of mind that they're covered makes obtaining errors and omissions insurance worth the cost. Obtaining the protection from claims arising from mistakes, oversights, or failures in the construction of homes makes this a common coverage homebuilders carry.

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FAQs of Errors and Omission Insurance

You likely have a few questions about errors and omissions liability insurance coverage. Here are the answers to a few of the most frequent questions our clients have.

How Much Does Errors and Omissions Insurance Cost?

As every homebuilder is unique, the cost of an errors and omissions policy will vary from builder to builder. Factors that influence the cost include the size of the construction project, claim history, coverage limits selected, and the level of risk associated with the homebuilder's operations. 

What is the Best Errors and Omissions Insurance in Ontario?

Finding the best errors and omissions policy in Ontario will be unique to each builder and their specific needs, budget, and risk tolerance. When you partner with a broker at Buildsure, they will help you compare coverage options, policy terms, and premiums to help you choose the best fit for your construction business.

Where Can I Find Errors and Omission Insurance for Construction?

The Buildsure team works with many of their homebuilding clients to find errors and omissions insurance for construction. They have a network of leading insurance companies that they source E and O insurance quotes, so you have the opportunity to contrast and compare the different coverage options for your business.

Why Do Builders Love Buildsure?

Our Buildsure broker, Ryan, has been an essential part of our team, ensuring that we're covered for all eventualities as we tackle new projects and challenges in the homebuilding sector.

John Vranic
Vranic Homes

The in-depth knowledge of the construction sector has been instrumental in identifying potential exposures and crafting policies that address them comprehensively. Their responsiveness and attention to detail make them a pleasure to work with, and we highly recommend their services to anyone in the homebuilding industry.

Raj Rai
Raison Homes

Our broker has been an invaluable partner in helping us navigate the complexities of the homebuilding industry. They've taken the time to understand our business inside and out, providing us with personalized insurance solutions that offer the right level of protection at competitive rates.

Kevin Sharpe
Sharpe Industries Inc.

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