Russell Bond & Co., Inc. February 2017  
Miscellaneous Errors & Omissions
 
Protects from allegations of errors & omissions that can occur in the company's rendering or failure to render professional services. Wrongful acts include, but not limited to: Errors & Omissions; Libel; Trade Libel / Slander; Product Disparagement; Mental Anguish; False Arrest; Wrongful Entry; Eviction; Infringement of Rights of Privacy; Malicious Prosecution; Unintentional Introduction of a Virus.
   
Types of businesses that need this coverage include (but are not limited to):
  • Answering Services

  • Appraisers

  • Business Brokers

  • Claims Adjusters

  • Collection Agencies

  • Counselors

  • Employment Agencies

  • Landscape Designers

  • Mediators

  • Property Managers

  • Talent Agents

  • Tax Preparers

Miscellaneous Errors & Omissions
Image courtesy of fantasista at FreeDigitalPhotos.net

Sample claim:

A bookkeeper was hired by a customer to prepare year‐end tax forms for the customer’s business. The bookkeeper made a mistake in the calculations which led to the customer misreporting their year‐end results to the IRS. After discovering the mistake, the customer had to hire an attorney to assist them in contacting the IRS as well as state tax authorities to provide an explanation and resolve the situation. The customer also had to pay penalties assessed because of the error. The customer sued the bookkeeper and sought damages of $275,000.

Joanna Brancaleoni Ed Chadwick Tonya Hollederer Jackie Oddo
Joanna Brancaleoni, ext. 121
jbrancaleoni
@RussellBond.com
Ed Chadwick, ext. 261
echadwick@RussellBond.com
Tonya Hollederer, ext. 133
Vice President / Senior Broker
thollederer@RussellBond.com
Jackie Oddo, ext. 161
joddo@RussellBond.com
 
Call us at  800-333-7226
 
A Wholesale Insurance Broker Unlike Any Other TM
 
____________________________________________________________________________
67 Years
1950 - 2017
866 Ellicott Square Bldg.  |  295 Main Street  |  Buffalo  |  NY  |  14203
1670 Whitehorse - Hamilton Square Road  |  Hamilton  |  NJ  |  08690
Hampton Ponds Plaza # 12 |  1029 North Road  |  Westfield  |  MA  |  01085
800.333.7226  |  www.RussellBond.com  |  Fax: 800.677.6779
Trusted since 1950