π§ E&O Insurance: Because General Liability Doesnβt Cover Everything
The Problem:
You work hard to give great advice, offer top-notch service, and run a business with integrity but one mistake or misunderstanding can still turn into a lawsuit. And here's the truth: general liability insurance wonβt cover it.
The Consequence:
If your business provides professional advice or services, a single claim of negligence even if itβs not your fault can lead to costly legal battles, lost income, and a damaged reputation.
The Solution:
Thatβs where Errors & Omissions (E&O) Liability Insurance comes in. It helps protect your business and your team from claims related to professional mistakes, missed deadlines, bad advice, or unintentional harm caused to a client.
What It Covers:
β Claims of negligence β Financial loss caused by your service or advice β Legal defense and court costs β Settlements or judgments up to your policy limit β Certain claims involving copyright, libel, or defamation (depending on the policy)
Who Needs It:
π Consultants π Financial professionals π Tech companies and software providers π Legal and medical professionals π Contractors, architects, and engineers π Nonprofits that offer services or guidance
The Truth About Cost:
E&O coverage is typically affordable especially compared to the price of defending a claim out of pocket. Your premium depends on your business type, location, services, and claims history
Whatβs Next:
If your business gives advice, provides services, or handles sensitive information you canβt afford to go without E&O insurance. Letβs go over your risks and customize a policy that protects your future.
π Contact us today to review your options and find the right coverage.