What is an E&O Claim and Why Should Software Developers Care?
An E&O (Errors & Omissions) claim happens when a client sues a company because they believe the company’s services or products caused them financial harm. For software developers, this can be due to software failures or not meeting the agreed standards.
Imagine you create software to help companies track employee hours. If the software doesn’t work properly, causing the client financial losses, they might sue you. This is an E&O claim.
Understanding E&O claims helps software developers protect their business and reputation. You deserve to work with a risk advisor who understands this coverage. Learn more about how we can help here.