Don’t Be Caught Off-Guard
With Negligence Lawsuit
If you’re a business that relies on consultations or acting on clients’ behalf, then you know how important it is to get things right. After all, they’re putting so much trust and money in you because of your particular expertise. However, what happens if there’s a disconnect or mistake and your client gets upset? You could be liable for expensive legal action.
What is Errors & Omissions Insurance?
Your business is your livelihood. At Miller Insurance, we want to make sure it’s thoroughly protected from any liability, especially clients. Errors & omissions insurance (also known as professional liability insurance) is a form liability insurance that protects your business from negligence claim charges. This can include legal fees and damages awarded.
We bet you’re thinking “Isn’t that what general liability insurance is for?”
Great question, but no. General liability insurance will only cover injuries to tangible liabilities such as bodily injury, property damage, and personal injury. E&O insurance covers financial loss due negligence, misrepresentation, or violation of good faith/fair dealing suits. Coverage does NOT include criminal prosecution nor all forms of legal liability under civil law.
How Do I Know If My Business Needs Errors & Omissions Insurance?
If you operate in any business where clients rely on your consultation or representation, you’re going to need E&O insurance. This includes professions such as accounting, engineering, financial services, construction and maintenance, and transportation services. Errors & omissions insurance is also called malpractice insurance for the medical industry.
Miller Insurance is Ready to Protect Your Business From a Worst Case Scenario
Here at Miller Insurance, we understand how valuable small businesses are. That’s why we can work with you to find the best errors & omissions insurance for your company. If you’re ready to receive your FREE quote, call us at 936-825-6789 or fill out the online quote form!