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Becoming an eKo Specialty client is fast, easy and commitment free.  To inquire or learn more, please call us at 805.373.6968 or use our contact form.

This information is designed to give you a quick overview of the coverage and how it works. Your policy is the contract that specifically and fully describes your coverage. Please feel free to call 805.373.6968 with any questions.

Errors and Omissions Insurance provides protection for errors and omissions (E&O) professional service providers commit while rendering fee-based professional services. Coverage includes legal defense costs and will pay for any resulting judgments against the insured including court costs up to the coverage limits on the policy.

• Premiums start at $2,000.
• Deductibles start at $2,500.
• Limits are available from $1,000,000/$1,000,000 to $25,000,000.
• Please click here to download the Miscellaneous Professional application.

NOTE: The claims scenarios summarized are offered only as examples. The examples are not intended to establish any standards of care or to serve as legal advice appropriate for any particular factual situations. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy.

1. A computer consultant was retained by a company in order to update its inventory control software. The consultant adapted its existing, licensed software to the company's needs. Installation of the new software took longer than anticipated. Thereafter the computer system crashed on several occasions, which required the company to implement manual inventory tracking. Once the system was back online, the company continued manual tracking to ensure that the new software was working properly. Comparisons of the system's results with a those generated by the manual process revealed that the new software had an inaccuracy rate of 35%. The company terminated the consultant's services and demanded compensation for the software failures, including profits allegedly lost while the system was down. Discovery and investigation revealed that there were inherent problems with the software which did not become apparent until it was installed

Outcome - The case settled for $245,000. Defense cost totaled $115,000.

2. The plaintiff was a bank holding a mortgage in default. When the bank foreclosed on the property, it discovered that the insured, a title company, had filed to uncover a prior filed lien when it did the title search for the bank's secured loan. Therefore, this prior lien had to be paid and satisfied first during the foreclosure sale. As a result, the plaintiff did not recover the full amount due it from the sale of the property. Seeking to recover its loss, the bank sued the title company alleging negligence in its failure to discover and report the prior lien.

Outcome - Amount paid to settle including defense costs totaled $435,000.

• Defense Expenses Outside the Limits of Liability.
• First Dollar Defense.
• Contingent Bodily Injury/Property Damage.
• Employment Practices Liability (EPL) Coverage.
• Cyber Liability.
• Punitive Damages where Insurable by Law.
• Bi-lateral ERP.
• Non-cancellable Policies.
• Innocent Insured.
• Personal Injury.
• Independent Contractors.