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Errors and Omissions Insurance in Atlanta, Lilburn, Stone Mountain, and Tucker, GA

Errors and omissions refer to mistakes, negligence, or discrepancies in a business’s accounting records, which can possibly be interpreted as fraud and lead to legal action. Business owners and executives have several legal and financial responsibilities that accompany their roles, and if they fail to fulfill these responsibilities by inaccurately reporting income, errors and omissions insurance will reimburse a business for problems arising from these fiduciary oversights.

As a business owner, you know how important it is to live up to your promises. Consumer trust is a key part of earning repeat business, which in turn helps to create a stronger, healthier, and more profitable company.

Errors and omissions claims have been trending higher in recent years, with multiple‑million dollar lawsuits being filed more frequently than ever before. Accordingly, most businesses need to have appropriate coverage amounts to be sure they're protected if a large claim is filed.

What E&O Insurance Covers

Policies can vary, but most forms of errors and omissions insurance cover the following. Note that some industries don't need all of the coverage mentioned below, while others may need additional coverage because of the nature of their operations. Kellerman & Associates, LLC agents will help you determine which coverages are best for you.

  • Claims and Damages: These are one of the major sources of potential loss that your company faces. E&O protection on claims can reimburse you for any payouts you may have to make as a result of such claims being filed.
  • Defense Costs: Whether or not you win a case, your attorney is going to expect payment. E&O insurance can reimburse you for their fees, allowing you to hire professional support without worrying that it will be too expensive for you to afford.
  • Employees, Temporary Staff, and Independent Contractors: You may be liable for the actions that anyone associated with your business takes—whether or not they're an employee. This part of the policy protects you if they make a mistake.
  • Negligence: Often considered one of the most important parts of E&O coverage, negligence coverage can reimburse you for problems like making a mistake while giving advice or failing to complete a job. Whatever the cause of the problem, ensuring you're covered will help protect your business if something goes wrong.

Errors and omissions policies payouts vary among companies depending on the possible severity of financial mishaps. If you're not sure how much of a cap your business should have in each category, call one of Kellerman & Associates, LLC agents today and ask them for more information. You may need to increase your policy cap as your business grows, and we can help you decide when it's time to raise the limit.

 

1. Oxford Reference, s.v. “errors and omissions,” www.oxfordreference.com/view/10.1093/oi/authority.20110803095756997?rskey=tDNztO&result=1

2. "Why Consumer Trust Is the Key to Repeat Business." The Wise Marketer. January 2005. Accessed April 18, 2016. http://www.thewisemarketer.com/features/read.asp?id=54.

3. "Claims Trends." Insurance Journal News. November 03, 2014. Accessed April 18, 2016. http://www.insurancejournal.com/magazines/features/2014/11/03/345153.htm.

Our Locations

Tucker Location

4379 Hugh Howell Road
Tucker, GA 30084
Main office: 770-691-2153
Fax: 770-723-3931

Office Hours:

Mon: 9:00 AM - 5:00 PM
Tues: 9:00 AM - 5:00 PM
Wed: 9:00 AM - 5:00 PM
Thurs: 9:00 AM - 5:00 PM
Fri: 9:00 AM - 5:00 PM
Sat: By Appointment
Sun: Closed

Stone Mountain - Relocating to Tucker Location 7/28!

971-7 N. Hairston Road
Stone Mountain, GA 30083
Main office: 770-629-0536
Fax: 770-413-7276

Office Hours:

Mon: 8:00 AM - 4:00 PM
Tues: 8:00 AM - 4:00 PM
Wed: 8:00 AM - 4:00 PM
Thurs: 8:00 AM - 4:00 PM
Fri: 8:00 AM - 4:00 PM
Sat: By Appointment
Sun: Closed

Our Providers

Testimonials

Nationwide saved me over $700.00 a year on my home and auto. Beth and her staff do a great job getting the estimate together and then making sure you understand it. They really want to earn your business.
- Rbucknerbunch
If her work is anything like her ability as a Friend and Classmate, then Kellerman Insurance clients are in "Good Hands."
- Michelle J
Beth doesn't know how to NOT get things done. She's honest, ethical and dedicated!
- Kimberly A
I have known and dealt with Beth Kellerman for over 8 years. She has always been very responsive and attentive to our needs. I would highly recommend Beth as an agent.
- Mark B
Beth is a great agent and person. She is always there to lend a helping hand no matter the situation. I have had great experiences working with her and would recommend her as an agent and boss.
- Leslie R
You might think you "just need an insurance agent so anyone would do" but you would be making a big mistake. Beth is not the average agent. She takes care and time to make sure you are getting the best coverage possible and if you pose an obstacle or challenge to her she will think outside the box to help you. You get more than great service, excellent rates-you really do get a friend that is an insurance agent. We will never need to look beyond Beth Kellerman for our needs and we feel blessed to have met her when we thought just any agent would do.
- Sam U
Beth is detail orientated and can assist you and your business with all insurance needs. Talk to Beth to make sure you are fully covered.
- Sam L