If something goes wrong, lawsuits can happen. Clients now have a greater inclination to sue, even for baseless claims. The legal fees can get high, which is why E&O insurance can be vital.
Errors and omissions insurance is professional liability insurance that protects companies and individuals against claims made by clients for negligent or deficient work or actions. If you are being charged for these claims, our errors and omissions insurance can help cover both your court costs and settlements up to a specified amount. This professional liability insurance is most often used by companies and individuals that interact with their clients. If your service results in a financial loss for your client or customer, having E&O insurance to back you up is essential is protecting your assets. This insurance policy covers negligence, defense costs, services performance and claims of the personal damage caused. It can help insure your previous, current and future work.
Who needs E&O insurance?
- HVAC technicians
- IT consultants
- Health counselors
Costly mistakes can happen, even to companies who practice safe procedures and have years of experience. It is human to make mistakes, which is why you should have E&O insurance. Protect your company. Call Rafail Insurance Group today for more information.