Those of you who work in a professional industry will have to consider insurance coverage beyond the basic policy, particularly errors and omissions insurance. In fact, in some states, professionals within certain industries are required to have a minimum amount of professional liability insurance, so you must check your local and state regulations to...
Errors and omissions insurance is one of the most crucial policies a professional or business should have. Lawsuits happen every day and any company is susceptible to a claim of negligence. It is important to have a good professional liability insurance policy even for a claim without merit. In fact, many such claims usually...
A business or practice can find itself facing a lawsuit for any reason in today’s litigation happy society, so having a good errors and omissions insurance policy is a necessary safeguard. Not only must the practice’s physical assets be protected, but the very reputation upon which it relies to attract and retain business also...
Starting a business can be an exciting venture, but taking the time to find the right business insurance can sometimes get lost amongst the deluge of other details. While making sure the building that houses your new business is properly zoned and insured is important, it can be equally important to insure yourself, your...
Errors and omissions insurance is liability insurance for business owners, or business professionals, such as architects, third-party administrators, real estate brokers and agents, insurance agents and any other professionals. An omission or error is simply a mistake, which means causing some kind of financial harm to someone else. This can occur unknowingly at any...
There are many types of insurance polices on the market and knowing what to shop for can often be confusing, especially if you run a business. A company needs to carry policies that protect them against mistakes, negligent acts and errors, whether it is intentional or not. Errors and omissions insurance is business liability...
If you own a business, you surely know by now that there is simply no way around errors and omissions insurance. It does not matter how safe you are business is, very few people will even consider doing business with someone who does not have proper E&O insurance and in some cases, and it...
What is errors and omissions insurance? This is a kind of professional liability insurance that offers protection from claims of negligence and any ensuing legal drama that may come about from the situation. Most general liability policies do not provide this type of coverage and rather focuses on bodily injury liability and property damage...