The term Errors & Omissions is one of the broadest in the insurance industry. It covers a vast range of exposures that vary with every industry and individual business. The coverage to protect these exposures must be customized accordingly.
Willis provides exposure identification, insurance program structure and coverage placement for every industry and profession, including:
- Advertising and promotions
- Media
- Technology
- Telecommunications
- e-Risk including the internet, enterprise networks and information security
- Public officials
- School leaders
- Nonprofit organizations
- Intellectual property
- Miscellaneous services or professions
- Accountants
- Architects and engineers
- Construction (See our Construction Practice)
- Actuaries
- Lawyers
- Management consultants
- Hospitals/Healthcare (See our Healthcare Practice)
- Financial Institutions
- Insurance companies
- Private equity firms
What Can Willis Do for You
For each client, Willis brings specific industry knowledge and the prior placement experience needed to fully understand the client's exposures and develop a relevant market strategy. For many E&O products there are no reference works or surveys to turn to, so the broker's experience and expertise are crucial components in obtaining the correct coverage at a competitive price.
Policy wording, always a key issue in any insurance program, is especially important in E&O where standard wordings are the exception and there is a great variance between the approaches taken by different insurers. Accordingly, Willis pays detailed attention to policy language.
As respects the even more specialized world of cyber or e-risks, Willis recognizes the central role that information systems and the internet; customer information privacy; technology; and intellectual property play in almost every business today. We are thorough in identifying these exposures and making sure that the E&O insurance program we design addresses the full gamut of issues and risks that an individual business may encounter.
Why Willis
The Willis model provides Willis clients with several advantages to optimize the identification, placement and service of E&O and professional liability insurance:
- Through our dedicated practice, the client is served by professionals with an exclusive focus on E&O.
- Willis is committed to being the industry thought leader in all areas of Executive Risks/Professional Risks, as evidenced by our proprietary products, timely newsletters and publications and the expertise of our staff across a wide range of skills and backgrounds.
- Claims advocacy is provided by attorneys with E&O experience.
- Global market access to senior underwriters is delivered by dedicated Executive Risks/Professional Risks Practice members.