Contractors E&O insurance provides coverage for financial losses that your clients might incur due to errors, omissions, or negligence in your work. Unlike general liability insurance, which covers property damage and bodily injury, E&O focuses on financial losses resulting from your services or advice. This is particularly relevant for home service professionals whose work can significantly impact a client's property.

Imagine you own a window & glass installation business. After completing a project, it was discovered that the windows were improperly installed, leading to significant energy inefficiencies for the homeowner. The homeowner sues for the financial loss incurred. In this scenario, the Contractor's E&O insurance would cover the legal defense costs and any resulting judgments or settlements.

Incorporating Contractors E&O insurance into your business is crucial because:

• It protects you from claims of professional negligence or failure to perform your professional duties.
• It covers legal defense costs, which can be substantial, even if the claim is groundless.
• It provides peace of mind, knowing you have protection beyond what's offered by general liability insurance.