NEW PRODUCT: Gore Mutual launches E&O coverage for contractors and professionals

Gore Mutual has announced its new errors and omissions (E&O) coverage created specifically for contractors and professionals.

Gore Mutual’s E&O coverage is part of a broader commercial value proposition the insurer unveiled at its Fast Forward industry event in June.

Read: Gore Mutual’s Fast Forward returns for second year

“The needs of our brokers’ business customers rarely fit inside a box and require flexibility on our end,” says Ed Nesbitt, Director of Commercial Insurance at Gore Mutual. “As part of our new commercial offering we’re improving the way we work with brokers with a common-sense approach to underwriting, technical expertise, modern products and more.

“By adding E&O to our commercial program, we’ve listened to our brokers and reduced a lot of hassle for them and their customers by providing enhanced coverage and more features all in one place.”

Read: Breaking down broker errors & omissions

Gore Mutual’s E&O coverage can be bundled with a customer’s general liability insurance to create a comprehensive all-in-one solution. According to the company, the added coverage safeguards contractors and professionals against allegations of errors, omissions and negligent acts resulting from professional services. The protection is currently available for more than 100 different contractor and professional classes, which the company intends to expand in the future.

Read: Construction risk basics

“We have the ability to do so many things that I think a lot of brokers aren’t aware of,” Nesbitt says. “We want to be a go-to market for mid-sized commercial business and are continuing to strengthen our products and services to ensure brokers can easily get their customers the protection they need.”

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This story was originally published by Canadian Insurance Top Broker.