Errors and Omissions Insurance in
North Carolina

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What is Errors and Omissions insurance?

Errors and Omissions (E&O) insurance can protect professional service providers from potentially devastating financial damages resulting from alleged negligence or error in the delivery of your services. This type of coverage is also sold as Professional Liability insurance.

According to the U.S. Small Business Administration’s Office of Advocacy, there were 994,576 small businesses in California as of 2022. Even though they made up 99.6 percent of all Californian companies, these numbers are on the rise.

No matter the industry you’re in, what types of products that you offer, or the nature of the services you provide, there is a chance for making mistakes. Even if you’ve got an excellent track record, an error could be the cause of a lawsuit against your business.

Errors & Omissions insurance is crucial to small-scale businesses to protect their financial security within a competitive market. Errors and Omissions insurance defends your business against claims caused by your negligent actions (errors) or inadequate services (omissions).

What does Errors and Omissions insurance cover?

E&O insurance covers expenses from accepted claims up to the policy limits, including:

  • Legal Costs – Lawyers typically cost an hourly fee. Even if your case is resolved quickly, it can be costly to engage a competent legal counsel. Also, the longer the matter needs to be resolved the more you’ll have to pay.
  • Court Expenses – Filing documents with the court, the cost of underwriting as well as other administrative costs and any related legal expenses.
  • Settlements – To help save each party from the expense of lengthy litigation, most claims are settled outside of court. You might need to pay an individual client a certain amount, depending on the recommendation of your lawyer.
  • Judgments – In the eventuality your case is put to trial, and the judge makes a ruling in favor of the plaintiff you’ll need to pay the adjudged amount or run the risk of having a lien imposed on your business assets

Who needs Errors and Omissions insurance in North Carolina?

Professionals and businesses whose work involves providing clients with expert advice, educated advice and solutions, or who are able to represent the needs of other people should purchase Errors and Omission insurance.

No matter if the claim is true or not, Errors & Omissions insurance can safeguard you, the business, and your image from the repercussions of a costly mistake.

Professions that may require Errors and Omissions insurance include but aren’t limited to:

Architects Notary Publics 
Consultants Personal Trainers
Engineers  Pilates Instructors 
Home Care Providers and Businesses Yoga Instructors 
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How much does E&O insurance cost in North Carolina?

In North Carolina, the average cost for E&O insurance is $698 per year. However, it depends on your particular business. Similar to other insurances the more risk factor, the more premium you’ll have in order to cover that risk.

Factors that will determine the expense of your errors and Omissions are:

  • Your business’ priorities, location and risk appetite
  • The size and turnover of your business
  • The amount of insurance coverage you need
  • If so, what was your prior claims experience
  • The person being covered is their skills, qualifications, and suitability for position and whether they have any claims history

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How to get E&O insurance for North Carolina business?

BizInsure makes it easier to compare E&O policies with top U.S. insurance companies. BizInsure can help find suitable protection for small businesses at an affordable rate.

Learn more about E&O insurance in the states where you work.

Alaska
Alabama
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois

Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana

Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania

Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

As with any insurance, coverage will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this guide is general only and should not be relied upon as advice. The number of quotes provided varies between products, occupations and other underwriting factors determined by the insurers.
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Leeroy P.
Leeroy P.
Good service
Cheryl M.
Cheryl M.
Jennifer was amazing, informative and guided me to exactly what was needed to cover my business. Highly recommend.
Ruth M.
Ruth M.
First of all the agent I spoke with was very kind and helpful. Her name is Andrea. I appreciate the easy and quick online application to purchase my insurance.
Patience M.
Patience M.
I worked with Amy on getting professional insurance and she was fantastic! Some of the best customer service I’ve experienced in a long time. She was diligent and supportive, but never pushy.
Jamie F.
Jamie F.
The process was smooth and everyone answered questions along the way as needed. Andrea’s follow-up was excellent. Thank you!
Don C.
Don C.
Jen was awesome
Lawrence W.
Lawrence W.
I have been with Bizinsure for many years and they are always up to date with the latest policy information and the most competitive rates!
wayne A.
wayne A.
My interaction with the agent was very pleasant and she answered my questions. She also responded very quickly when I had questions.
Tiffany S.
Tiffany S.
BizInsure understood exactly what I needed and provided an affordable quote. The process was easy and I'm glad I used their services!
Sue N.
Sue N.
Our company has been with BizInsure since 2020. we are very happy with the service they provide.
TALLAHASSEE PT & REHAB SVCS II L.
TALLAHASSEE PT & REHAB SVCS II L.
Very Fast and easy
Melody W.
Melody W.
Just started but the process was easy. Agent was kind and the price was great.I will see how the service is going forward, but starting was very easy and inexpensive.
Doris J H.
Doris J H.
Customer service was great! I got the help I needed!
Sharon S.
Sharon S.
Super A rated and affordable coverage.
Rachel L.
Rachel L.
Dina and Ashleih were so helpful! They made our package work for us. Grateful for the quick service.
DULUTH HEALTHCARE S.
DULUTH HEALTHCARE S.
I want to thank you for making my insurance search so simple and efficient. I also appreciated the easy communication options, which helped me make the right purchase decision. I'm really grateful for your company's support!.
Kerith B.
Kerith B.
Jenifer S. was the agent that I worked withi to secure general liability insurance. She was very knowledgeable, helpful and worked diligently to ensure that.my coverage needs were met and for a great price. I would definitely recommend her to others as she was a pleasure to work with.
Lotanga J.
Lotanga J.
The agent was very knowledgeable and was very quick in handling my request.
Michelle T.
Michelle T.
Good customer service
Diana M.
Diana M.
Fast friendly professional service
Chip R.
Chip R.
Jennifer was fabulous. Quick & easy quote for GL/PL coverage and saved me money over previous policy. My wife referred me - she's always right!!
Tina P.
Tina P.
Representative was very kind, helpful, and educated me well. I especially appreciate their professionalism and patience.
Mason J.
Mason J.
Been with this company for about 4 years. They have provided me with excellent coverage, user-friendly technology and very low rate. As an accountant, they are my first choice for my small business clients.
Bob D.
Bob D.
Absolutely the easiest, absolutely the fastest, the best I can tell the lowest cost. For many businesses, Insurance is a dirty word, because it's complicated and we're actually so busy minding our business that when complicated insurance issues get in the way, it slows us down. But not with these guys. Biz Insure LLC has figured it out and thank goodness they have...
Woman OF D.
Woman OF D.
Thanks, you for your service
Queena
Queena
I want to say thank you for all the hard work the agent put in with me. She was glad to hear from me. Very pleasant to deal with and solved my needs
Sherry S.
Sherry S.
Thank you for your professionalism and patience and helpfulness with my insurance needs for my new business. Thank you, Amy Raley as well for all of your help - you are sincerely appreciated and you are an asset to BizInsure LLC!
Michelle C.
Michelle C.
I have been using Bizinsure for several years and find the ease of renewing as well as generating additional insured certificates to be easy and useful, especially as a sole prop. thank you
Pauline L.
Pauline L.
Agent was precise and clear with explanation. Getting a quote was fast and easy. Thank you
Plain S.
Plain S.
Easy to renew Policy
Kunbi A.
Kunbi A.
BizInsures insurance is easy and affordable. Employees are well courteous and professional.
William T.
William T.
The renewal process is fast and efficient.
Hive E.
Hive E.
Easy to get Quote and start insurance with the recommended Insurance company. Not sure yet on services there after.
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