Business Errors & Omissions Coverage
Our Business Errors & Omissions coverage extends Property Damage Liability for:
- Damages due to faulty workmanship, material, design or products
- Damages resulting from an insured's error, omission or negligent act
- Limits start at $25,000 and are available up to $1,000,000 per claim/aggregate
- See form #99408 for additional information
You need this coverage if you are a Contractor...
Using a residential electrician as an example, your company wires a home under construction and once the home is occupied the actual wire used is defective causing the home to burn down. The general liability portion of your policy provides coverage for the damage to the home, with the exception of the wiring or the cost to rewire because this is your work. The Business Errors & Omissions coverage form picks up the cost of the wire and labor.
You need this coverage if you are a Manufacturer...
Using a molded plastics manufacturer as an example, your company produces containers and lids used to store cheese products. Unfortunately, the lids do not seal properly to the containers and your customer's product is contaminated. The general liability portion of your policy provides coverage for your customer's damaged product. The Business Errors & Omissions coverage form picks up the cost to manufacture replacement lids.
You need Frankenmuth Insurance as your trusted insurance carrier because...
For more than 140 years, Frankenmuth Insurance has been providing the security and protection our policyholders expect and deserve. We continue to receive high industry ratings from A.M. Best ("A") and TheStreet.com ("A, Excellent").
At Frankenmuth Insurance, our goal is to go above and beyond to make sure our customers are cared for, not just covered.
Claims are adjusted based on the circumstances of the loss, policy terms and conditions.