Usually not, and this is the most common disappointment on the form. E&O responds to a third party’s financial loss caused by your professional error. It generally does not pay your cost of correcting the work, refunding a fee, or completing an engagement you did not finish, and many forms exclude fee disputes outright. The cost of doing the job again is treated as a business cost rather than a claim. What it does fund is the defense and the damages a client recovers, which is a different thing from making them whole on the invoice.
Related FAQs
It is the date back to which your policy may respond. Keeping it intact when you renew or switch policies helps protect past work.
Not universally, but many professions, licensing bodies, and clients require it. We can review your situation with you.
A claims-made policy generally responds to claims made while the policy is active, provided the incident occurred after your retroactive date. Letting coverage lapse can create a gap. ...
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