Errors & Omissions Liability Insurance to Protect Yourself from the Struggles with Being Human
Do you run a business that is involved in computing people’s finances? Maybe you provide financial or legal counsel. Do you create software that businesses use in their day-to-day activities? You probably live in fear of errors that may be costly to your clients and, by extension, you.
Sometimes, mistakes on your part can lead to legal action from your clients. To protect yourself from the high cost of these legal proceedings and their outcomes, you need to buy an Errors and Omissions Liability Insurance plan.
Errors and Omissions Liability Insurance is a kind of insurance policy that protects professionals or businesses and their employees. It protects them from claims that mistakes have been made while delivering their professional services.
Claims of inadequacies can be filed against your business if the client sees the need. E&O liability insurance can protect you from claims of:
- Negligence on your part
- Misrepresentation
- Errors made while delivering your service
- Omissions
- Inaccurate advice
The claims can differ according to the services being provided. This also means that the E&O liability insurance policies and their coverage can differ based on your services. Hignojos Insurance Agency will help you find the E&O liability insurance policy that is perfect for your business.
Ideally, an E&O liability insurance policy should take care of the cost of any damage and the cost of defending claims against your business.
We can help find the right E&O liability insurance policy for your business to ensure you do not incur heavy financial losses.
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