Hanover Study Affirms Need for E&O Insurance
In a recent study from The Hanover Insurance Group, researchers found that nearly half of professional service providers faced allegations of non-performance by customers in the last two years. This finding, The Hanover says, underscores the need for professional liability insurance, also known as errors and omissions (E&O) insurance.
The group’s Professional Liability Risk Report was published as part of the Hanover Specialty Research Series, a series intended to deliver valuable insights into evolving risks, emerging exposures and industry trends.
Produced in partnership with Zogby Analytics, The Hanover says its report examines the “exposures, motivations and actions” E&O insurance customers, as well as non-customers, to help agents better understand and meet the needs of both buyers and non-buyers.