Professionals in every industry are expected to provide reliable advice, services, or skill. When something goes wrong, however, even a minor mistake can lead to significant legal consequences. That is why many Illinois professionals and businesses rely on Errors and Omissions (E&O) insurance. This coverage is designed to protect against claims of negligence, misrepresentation, or inadequate work. But when insurance companies deny or undervalue claims, it puts reputations, finances, and entire careers at risk. At Vargas Gonzalez Delombard, our Illinois E&O lawyers step in to hold insurers accountable and make sure policyholders receive the protection they paid for.
The Types of Claims Covered by E&O Policies
E&O policies are designed to handle claims alleging:
- Professional negligence: Mistakes that cause financial loss, such as accounting errors or architectural miscalculations.
- Misrepresentation or bad advice: Inaccurate guidance that harms a client’s financial or legal standing.
- Failure to deliver services: Missing deadlines or failing to meet contractual obligations.
- Administrative mistakes: Errors in documentation, filings, or reporting that create costly consequences.
- Violation of professional duties: Alleged breaches of ethical or regulatory standards.
The stakes in these claims can be enormous, with professionals facing both reputational damage and financial liability. That’s why E&O coverage is essential and why disputes with insurers must be taken seriously.
