If you are a professional service provider. You know the value of managing client relations and rapport in market and how difficult it can be to maintain. A professional indemnity policy can help you to avoid damage to the image or your financial health in the case of a claim of negligence by a customer. […]
Articles Tagged: Errors & Omissions Insurance
Why is Errors & Omissions Insurance Important?
In the current scenario, professionals are working in an increasingly litigious atmosphere which leaves them liable for various allegations made by dissatisfied clients who may feel that they might have been harmed by the actions of a professional. If you have the Errors & Omissions (E&O) insurance policy, you can protect yourself from such lawsuits […]
What Does Errors & Omissions Insurance Cover?
Errors & Omissions (E&O) insurance safeguards companies and their employees against claims made by their clients for inadequate or negligent actions taken by them. It means, the policy offers you protection in the event any of your client or shareholder files a case against you. It is also called professional liability insurance policy. Most E&O […]
Who Should Buy Errors & Omissions Insurance?
The Errors & Omissions Insurance (E&O) policy shields you and your company against lawsuits that may be filed by those customers, stakeholders, etc.; who have incurred losses due to your services or products. Also called professional liability insurance, the E&O insurance policy covers judgment, settlement, and various defense costs. Even if the allegations are false, […]
What is Errors & Omissions Insurance?
The Errors & Omissions Insurance (E&O) is the useful insurance policy that shields you and your employees in case one of your clients accuses you of making mistakes that cost them financial loss. Here the accusation can include claims that your work was inefficient or unprofessional. If a displeased customer blames you for the financial […]