E & O stands for errors and omissions insurance. It is also known by many other variations of this name, but the meaning is always the same. Errors and omissions is the equivalent of malpractice insurance for professionals. All professionals can be at risk of a negligence claim, so they need to be prepared...
If you own a small business, you need to protect yourself from anything that could make it hard for your company to survive in a financial sense. One of the things that can really crush a small business is a lawsuit. While a larger company might be able to sustain the monetary loss that...
Are you considering E & O insurance? Do you think that it would help your company or your business? The first thing that you need to consider, and the only thing that really matters, is whether or not a mistake on your part could lead to someone else losing money. Lawyers and real estate...
By reducing the costs of utilities, e & o insurance and payroll, businesses save money every month. These changes make business more profitable by reducing the amount of power and water consumed and analyzing communication requirements. Increasing the deductible on the errors and omissions insurance and implementing new business policies to reduce exposure brings...
It can be difficult for a business to determine exactly what sort of insurance is necessary. After all, every business operates in a different way, and different forms of operation generally need different sorts of policies. As a rule, though, there are a few simple forms of insurance that almost any business will need....
It seems that more and more small businesses close every day. While this is largely in part to a sluggish economy and stricter lending policies, there are steps that business owners can take to help keep their business afloat. By making sure that marketing is a priority, purchasing a solid e & o insurance...