Select Page

E&O Insurance for General Contractors

insurance quote nashua NH
Errors and Omissions insurance for general contractors - claim examples

Almost every contractor carries some form of general liability coverage. While these policies can provide much-needed protection for bodily injury and property damage claims that occur as the result of a contractor’s work, they typically don’t account for all forms of negligence. That’s where errors and omissions (E&O) insurance for general contractors comes into play.

This article provides a brief overview of E&O insurance for GCs and outlines why it is a critical component to a NH contractor’s overall risk management program.

Why Does a Contractor Need E&O Insurance?

Simply put, general liability policies aren’t adequate enough to protect against errors and omissions claims, necessitating standalone coverage. In fact, most general liability policies exclude your work, your products and impaired property, creating significant insurance gaps.

Making E&O insurance even more crucial, general contractors are particularly vulnerable to claims of negligence following unintentional damage to an insured party, impairment of property, damage to products or similar incidents that can occur without warning during a construction project. Even simple complaints have the potential to escalate into costly legal disputes.

What’s more, courts often rule against contractors in claims related to errors and omissions and, without the proper protection, general contractors would have to cover the damages out of pocket.

Claims Covered By E&O Insurance for General Contractors:

  • Failing to deliver promised services
  • Negligence in providing professional services
  • Poor, incorrect or incomplete work
  • Errors and oversights

Strong E&O policies can protect you and your business following a claim, helping you cover expenses related to court costs, lawyer fees and settlements. It should be noted that E&O insurance many not extend to your subcontractors, and you should encourage them to secure their own policies.

Securing the Policy That’s Right for You

As a contractor, there are a variety of insurance products to consider. To ensure you are accounting for all of your unique risks—and to secure a policy that is tailored to meet your specific business needs—it’s important to work with a qualified insurance broker. Contact Eaton & Berube Insurance in Nashua NH to learn more today. You can get started with a free insurance quote for general contractors, here.

Looking for more information? Visit our page dedicated to insurance for the construction industry here:

Get a fast & convenient insurance quote from our local insurance agency.

Insurance Quote Online Request Form:

After getting you the best pricing for your coverage needs, our job doesn’t end.

Enjoy the convenience of 24/7 online account management, an Eaton & Berube mobile app, and more.

Learn about the client services your policy comes with:

Why Choose Us?

Get the best of both worlds. Eaton & Berube offers affordable coverage options with transparent, local service.  Learn about the advantage of working with a local broker.