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E & O and CGL Program
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Exclusive Insurance Program for
Independent Contractors working on behalf of
EAGLE PROFESSIONAL RESOURCES
Information Technology, Accounting and Finance, Technical and Engineering,
Administrative and Clerical
Errors & Omissions Insurance
Commonly known as E&O Insurance, it is increasingly becoming a requirement for all professional service providers in the business world to carry this coverage. This coverage protects your business from professional liability lawsuits and compensatory damages awarded to clients.
Errors & Omissions Policy Highlights:
- $2,000,000 Limit / $5,000 Deductible
- Broad definition of insured services
- First dollar defense coverage (the $5,000 deductible does not apply to defense costs) to a yearly program
aggregate of $10,000,000
- Duty to defend
- Provides liability protection arising out of insured services performed in Canada and the United States (claims must be brought forth in Canada)
- Coverage for bodily injury and property damage arising out of professional services
- Provides coverage for compensatory damages as well as punitive damages where insurable by law
- Provides liability against damages resulting from a delay in the performance of any contract or agreement due to an error or omission on the part of the professional
- 6 month extended reporting period included in the event a claim manifests after you leave (term expires)
- Claims -made policy
Commercial General Liability Insurance
Commercial General Liability coverage is designed to protect your business from claims that arise for bodily injury, property damage, or personal injury to a third party as a result of your negligence from bodily injury, property damage, or personal injury (i.e. libel, slander).a third party.
Commercial General Liability
- $2,000,000 Limit / $1,000 Deductible
- Section A - Bodily Injury and Property Damage includes:
products and completed operations, contractual liability and contingent employer's liability
- Section B - Personal Injury and Advertising Injury
- Section C - Medical Payments
- Section D - Tenant's Legal Liability
- Occurrence-based policy
- Provides liability protection arising out of insured services performed in Canada and the United States,
subject to suit brought in Canada.
Policy Exclusions
Both the E&O and CGL policies contain exclusions which can be found in the master policy wording.
Below are additional exclusions that apply to the policy:
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