Contractor’s Error & Omissions
Mistakes happen, so it’s good to have a safety net in case of a slip up. Consider this: you install an electrical system under the sub-floor of a small store, but the wiring is found to be faulty, requiring the store to close while the problem is fixed. The store owners could bring a claim against you for the cost of hiring another contractor and the income they lost while the store was closed. Your Contractor’s Error and Omissions coverage is designed to cover some of the cost relating to your error, omission, or negligence that led to unsatisfactory results.