Offering Services and Advice can Leave You Open to Lawsuits
Businesses like yours that provide a service to a client, patient or customer are vulnerable to claims from people who say they have suffered financially due to the advice or service received. Even if a lawsuit has no merit, defending against it can be costly.
An errors and omissions (E&O) insurance policy provides coverage for the defense and settlement expenses associated with professional services provided by a consultant, designer or professional (lawyer, healthcare worker, accountant, engineer, contractor, etc.). Such policies also may cover products such as technology and other equipment.
An effective E&O policy can make a difference to your professional reputation, your business’ reputation and your bottom line.