0
0
Do I Need Errors and Omissions Insurance?
In our world, we meet the owners of small-to-midsize businesses almost every day, and there are a few qualities you can count on seeing every time: they’re passionate about what they do, they love their customers, and they want to do their best to help each and every one. Unfortunately, in our line of work, we also see the other side of things: business owners who believe so completely in the quality of their work and services, that they’re blindsided when an unhappy customer comes back to them in the form of a lawsuit. Even the very best physicians, consultants, instructors, and other service providers make mistakes, have bad days, or just meet that one wrong customer. And if that customer perceives that they were injured – physically, monetarily, or however – it could mean a costly lawsuit for the provider. That’s where Errors and Omissions Insurance comes in. Errors and Omissions Insurance (E&O), also called Professional Liability Insurance, is a commercial insurance product that protects service providers from claims in which a client or customer accuses the provider of damages resulting from inadequate or negligent service. Who needs Errors & Omissions Insurance? E&O is available, and at times... Read more