LEGAL: Errors and Omissions Coverage

Have your checked your errors and omissions policies lately? Remember, as a Help-U-Sell® franchisee, you are required to have ongoing and current Errors and Omissions coverage. You must submit certified copies of your E & O policies to Help-U-Sell® Corporate in Sarasota, Florida.

Why is it important to have E & O insurance coverage?

Simply because we are all subject to human error. As a professional, you need to protect yourself with Errors and Omissions, commonly known as E & O Insurance. This insurance covers your company, or you individually, in the event that a client holds you responsible for a service you provided, or failed to provide, that did not have the expected results.

What does E & O insurance cover?

Most E & O policies cover judgments, settlements and defense costs. Even if someone submits a groundless claim, the costs to defend it can be enormous.  The costs and time can bankrupt a small company and have a lasting effect on the bottom line of a large company.

When do I need to buy it?

The best time to buy an E & O policy is before the risk is taken.  If you are in a service industry and you know you will have exposure, make an E & O policy part of your insurance portfolio. Remember, even if you are not at fault, litigation is both time-consuming and expensive.

How do I choose my E & O policy?

There are no standard E & O policies. Each policy is specifically worded to the type of coverage needed depending on the profession in which you are operating. For example, an attorney’s policy is totally different than a policy required by a real estate agent or broker.

What does E & O do to help my business?

Having a current E & O insurance policy can be a selling point with your clients.  It gives them “peace of mind.” If you are covered with E & O insurance, your clients know they  will be financially protected if there is an error or omission. People understand that human errors happen; however, clients always have “piece of mind” when they know that in the case of any errors or omissions they will be compensated.


Send a certified copy of your E & O policy to Help-U-Sell® Corporate.

Remember, your contract with Help-U-Sell© requires you as the Franchisee to submit certified copies of your policies. During the internal auditing process, check your insurance portfolio to make sure your E&O Policy is fully in force.  If you haven’t already done so, please make sure that you submit it to the Help-U-Sell© Corporate headquarters in Sarasota, Florida.


One thought on “LEGAL: Errors and Omissions Coverage”

  1. Sounds like you should be able to use what your carrier provides. You can send the pdf to legal and if it is not appropriate, they will let you know.

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