Potential Small Business Risks
In some ways, owning a business is like being a parent. There’s the joy of training your employees to perform in ways that help your business flourish. But there’s a distinct downside, namely that opening any business is flooded with managing risk, specifically liability risks. In the same way that parents end up having to…
Read MoreChoosing a Business Insurance Provider: Everything You Need to Know
A huge part of being a small business owner means having to purchase insurance. Some types of business insurance are required by federal law. Others are so crucial to protecting the health and well-being of your employees—not to mention protecting yourself from potential liabilities—that they should be required. Choosing the right bundle of insurance plans…
Read MoreBusiness Insurance Plans – Do I Need One?
Would you rock climb without a harness? How about race a car without a seatbelt? Of course you wouldn’t! Those items protect you and allow you to perform risky maneuvers in relative safety. Without them, you’re vulnerable to serious injury, if not certain death. Similarly, you’d never operate a business without the proper insurance. There…
Read MoreBenefits of Professional Liability Insurance
If you’re in a service business, you work with customers on a constant basis. While you want to provide the very best possible service, guaranteeing it is an impossible feat; no matter how much you plan, there will inevitably be human errors, mistakes, or slip-ups that occur in the line of duty. While the vast…
Read MoreWhat Is the Average Cost of Errors and Omissions Insurance?
Errors and Omissions insurance—also known simply as an E&O policy—is a type of liability insurance instated to protect employees and employers against claims made by a client. These claims, pointed at a business for their inadequate or negligent services, are based on the fact that these errors cost the client money. Should a lawsuit occur,…
Read MoreWhat Does Errors and Omissions Insurance Cover?
Errors and Omissions insurance is a type of liability insurance that provides protection when either a customer or client accuses you or any of your employees of losing them money. This accusation typically highlights a mistake made on the business’ end. For any sized business, these claims can be costly, even leading to financial ruin.…
Read MoreErrors and Omissions Coverage: What Is It & How Does it Work?
Each and every project or professional relationship begins with a vision of perfection and mutually beneficial symbiotic bliss by both client and provider. However, then realities set in. Hardships arise and, more often than not, both parties are happy if the resulting product even comes close to the dream imagined at the start. Errors and…
Read MoreWho Needs Errors and Omissions Coverage?
To determine who might need it, Errors and Omissions (E&O) insurance should first be defined. Simply put, E&O specifically provides coverage for any errors or omissions made while rendering professional services. E&O protects you against clients’ claims of financial harm as a result of your company’s actions while performing your service. You may think that…
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