Let’s make one thing VERY clear, CGL and E&O are 2 DIFFERENT types of policies. CGL provides protection to your business from any sort that of liabilities that arise as a result of Commercial-Insurance-vs-EO-Insurance-300x200 physical damages such as slip and fall and damage from equipment. A CGL policy does not provide any protection or coverage for any lawsuits or damages that arise as a result of your professional services.
On the other hand, an E&O Policy does provide coverage to the professional in the event that they are being sued by a third party and damages have occurred as a direct result of their services. If you are a professional who provides any form of services such as consulting, recruiting, accounting, or architectural work, then you must be adequately insured by an E & O insurance policy. To read more about about this insurance, click here and checkout products what CFC Underwriting has to offer. Click here to know more about #errors and omissions insurance canada.
On the other hand, an E&O Policy does provide coverage to the professional in the event that they are being sued by a third party and damages have occurred as a direct result of their services. If you are a professional who provides any form of services such as consulting, recruiting, accounting, or architectural work, then you must be adequately insured by an E & O insurance policy. To read more about about this insurance, click here and checkout products what CFC Underwriting has to offer. Click here to know more about #errors and omissions insurance canada.
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