Steve White Insurance Group

Errors and Omissions Insurance in Texas

The Steve White Insurance Group offers high-quality Errors and Omissions Insurance to businesses in Texas. Get a quote today!

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Steve White Insurance Group

Learn more about Errors and Omissions Insurance

Steve White Insurance provides errors and omissions Insurance coverage to businesses in Texas.

Errors and Omissions Insurance Texas

What is errors and omissions insurance? 

In the professional world, charging for advice comes with some risks. A professional might be held financially responsible by a client if they ever give wrong advice, and there are plenty of ways to make mistakes when advising. To help better protect against this risk, professionals in Texas can get errors and omissions insurance.

Errors and omissions insurance generally offers professional liability coverage for those who give advice. Policies normally cover a number of errors that could result in bad advice.

Which professionals in Texas need E&O insurance? 

If you’re a professional in Texas charging clients for your advice, you should probably consider E&O insurance. Most professionals who primarily give advice should have coverage. For example, these policies are often purchased by professionals in the following fields:

  • Legal (e.g. lawyers, paralegals and legal secretaries)
  • Financial (e.g. financial advisors and wealth asset managers)
  • Taxation (e.g. certified public accountants and tax preparers)
  • Real estate (e.g. agents, brokers and property managers)
  • Trusts (e.g. conservators, guardians and trustees)

Sometimes contractors too should consider the protections that E&O policies can provide. If contractors give advice to customers, this coverage might help protect against incorrect recommendations. Even landscapers may want a policy if they’re discussing how to landscape properties with their customers.

Errors and Omissions Insurance Texas

What sorts of scenarios does E&O insurance cover?

The specific protections that E&O insurance provides vary, depending on a professional’s field and a policy’s terms. The right policies might offer coverage in situations like these:

  • A real estate agent neglects to check a property’s zoning, and this prevents the buyer from using the property as intended.
  • A paralegal misses an important deadline, which may compromise their client’s case in the courtroom.
  • A financial advisor clicks “buy” instead of “sell” when executing a trade, and the mistake costs their client a substantial sum.
  • A tax professional overlooks key liabilities, leading to fines and interest that their client must pay.
  • A media and marketing consultant doesn’t check whether their campaign meets legal compliance requirements, and the client is fined or sued as a result

What does “claims made” mean in an E&O policy?

Many E&O policies provide “claims made” coverage, which addresses whether a claim is covered with regard to timing. Claims made generally means that a claim can be covered if it’s filed within the insurance policy’s window, even if the actual error occurred outside of the policy’s effective period.

Claims made policies can provide more coverage than other types of policies, and claims made is especially helpful if the exact date or a mistake is uncertain. There are a couple of limitations to claims made coverage that professionals should be aware of, however:

  • Retroactive Date: This usually denotes the earliest date that an error could have occurred, for the claim to be covered. Errors occurring before the retroactive date are unlikely to be covered, even if filed when coverage is in effect.
  • Tail Coverage: This usually extends the time frame to file claims after the policy concludes. Claims filed during the tail coverage period are typically eligible to be covered.

An insurance agent specializing in E&O insurance can go over all of the factors that can affect coverage in more detail.

Errors and Omissions Insurance Texas
Steve White Insurance

How can Texas professionals get errors and omissions insurance? 

If you’re a Texas professional seeking errors and omissions insurance, get in touch with the independent insurance agents at Steve White Insurance. We’ve helped many professionals find the professional liability coverage they need, and we’ll make sure you find an E&O policy that’ll protect you well.

Contact the Steve White Insurance Group today!

I trust Steve White with my insurance needs implicitly. I have no doubt he’s found the best rates and policy for my auto and RV insurance. He routinely researches the market and options, and proactively informs me of rate changes and better options that become available.

Lacy M, Google Review

Steve has consistently provided me and my clients with a high level of professionalism and support. His expert advice has aided in the selection of providers and cost effective insurance solutions. I highly recommend him for insurance services.

Wayne B, Google Review

Steve is a knowledgeable professional. I have been using him for over 5 years and he has saved me money and improved my home and auto coverage. When I have had claims, Steve has been there to help walk me through the process. Since Steve is independent, he is always look for better coverage at a better price. I highly recommend Steve White Insurance.

David B, Google Review

I was referred to Steve White from my real estate agent and he was absolutely excellent to work with. Steve is very knowledgeable about all forms of mortgage and auto insurance and he will give you his unbiased opinion about each available option. He was able to organize mortgage insurance quotes from several different companies in order to help us find the best coverage for our price range. I will definitely work with him again for any insurance needs!

Mitch P, Google Review

Steve White with Steve White Insurance Group is wonderful! He is extremely knowledgeable and informative in all types of insurance for personal and business. I have him look at my policies and costs every year to make sure I am getting the best possible coverage for the least cost. He has always gone above and beyond to explain the differences in companies, coverage and what he personally would do if it was his family he was covering.
What I appreciate is he is always open and honest. If he can’t get you better coverage and a better rate he tells you! Because of claims I had with my current insurance company 5 years ago he hasn’t been able to get me a lower cost with the same coverage yet. He is very diligent with following up to see if he can get me a better deal the next year. This might be my year!
I would highly recommend Steve and the Steve White Insurance Group. He treats you like you are part of his family and I trust him to always be open, honest and to give me the best advice when it comes to all things insurance.

Kelly M, Google Review

Steve White is incredibly easy to work with and will not stop at any hurdle to find a good fit for your insurance needs. He is personable and friendly, but also professional and respectful. I was very pleased with my experience with Steve and would definitely recommend him to anyone looking for insurance.

Todd P, Google Review