Errors and Omissions Insurance

Errors and Omissions Insurance

When Things Go Pear-Shaped – and it’s your fault

If your work involves selling your knowledge, services and expertise to others, then Errors & Omissions insurance (E&O) is a must. It’s an essential piece of armour for anyone who could be sued for making a mistake.

What is E&O insurance?
In this everything-by-yesterday world, even the most respectable company can find itself in dispute with a client over an error, a delay or alleged breach of contract. E&O insurance provides indemnity for losses you are legally liable for if you make a mistake or are negligent, or if your product or service is defective, inadequate or fails to perform.

Why do I need it?
In the political climate of harmonization and consumer protection, it’s hard to keep up with changes in the law, and many companies find themselves embroiled in expensive disputes without realizing they’d done anything wrong. Failing to defend these allegations properly could cause irreparable damage to the reputation and financial stability of your business. Every day your business could be exposed to allegations of:

Negligence or breach of duty of care

  • Negligent mis-statement & defamation – unwitting or intended comments
  • Infringement of intellectual property rights including copyright, performance and broadcasting rights
  • Breach of contract
  • Dishonesty of your partners, directors, employees or freelancers

How will it protect my business?

Errors & Omissions Insurance helps with:

  • Indemnification and defense costs: legal expenses cover to defend your cause in a dispute
  • Rectification: the insurer may pay to rectify the problem to mitigate costs and avoid an expensive liability claim
  • Outstanding fees: if a dissatisfied client threatens legal action and defaults on fee payment, the policy can cover outstanding fees
  • We can help you review your contractual obligations to identify the extent of indemnities that your clients require. Contact us using the form below.
Employers Liability Glasses

“These guys are the only insurance people I will tolerate speaking to these days, as they are actual humans (with both a brain and a heart!) and offer very good packages too - they answer calls and emails promptly and when I had an issue recently with my bank were very helpful to get it fixed.”

George, La Playa business client

 

Case Study

A TV broadcaster aired a commercial with the incorrect voice-over. The insurer helped broker a deal with the customer, who accepted free media space and dropped the case for compensation.

Ready to work with us?

You can call us to talk more about your business on +44 (0)1223 200650 or +44 (0)20 3865 0149

What's Covered?

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About La Playa Media & Digital

Specialist & Independent

Specialist & Independent

La Playa's specialist Mediatech team can help you protect your business with smart, flexible, high-performance insurance - with a friendly human UI. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your organisation. Our exclusive portfolio policies can help streamline costs, and we’ll always help you stay ahead of the game in managing risk.

In-house IFA

We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof

Advice You Can Trust

…from an expert who understands you

Tech-based business is 24/7, global and borderless, exposing you to new risks and liabilities - often in unfamiliar places. As the law struggles to keep pace with technology, insurance can provide a real safety net if you fall foul of changing legislation.

  • Specialist insurance for media and digital businesses
  • Independent professional advice
  • Relationship-based service: right beside you when you make a claim
  • “Can do” culture
  • Seamless insurance across UK and US

Are we right for each other?

What sets us apart is the advice we offer: we really know our stuff. We listen, we analyse, we advise you on how to eliminate or mitigate your risk, and how to protect yourself against what remains. We may not be the cheapest option – so if an off-the-shelf policy and call centre queues work for you, be our guest. But if you need some advice on identifying your risk areas, how to structure your insurance most efficiently and effectively, and how to adapt it to the changing dynamics of your work or life – with hand-holding and close attention to detail - you’ve come to the right place. Welcome to the family!

Photo from Media & Digital
Photo of Catherine Lineham Dip CII

Catherine Lineham Dip CII

ACCOUNT EXECUTIVE

Direct Dial: +44 (0) 1223 200657

Email: catherine.lineham@laplayainsurance.com

Twitter: @CatherineLatLP