As much as people try to prevent them, mistakes can happen. Hopefully it is only something minor like forgetting to return a book at the library, but in some instances, mistakes can have severe consequences. Numerous businesses need to provide services to clients, and when it is the client that suffers financially due to a mistake made on the part of the business, the client can sue for damages. If you do not already have E&O (errors and omissions) insurance, you need to get protected. Get an errors and omissions insurance quote from various insurance agencies today.
Businesses That Should Have E&O Insurance
If your company provides a service to customers for profit, then you need to be protected with E&O insurance. More specifically, some professions that are most at risk include:
- Commercial printers
- Advertising agencies
- Wedding planners
- Companies that provide web hosting
- Architectural firms
- Engineering companies
- Insurance agents
Yes, even insurance agents need coverage in case a mistake is made on a clients policy. Clients of any of the previously mentioned professions can start a lawsuit if emotional or financial distress was created from a mistake made on behalf of the company. For this reason, you need a good policy.
Get E&O Insurance Today!
Your business is taking an extreme financial risk when it is not covered by a general E&O policy. Even if it turns out that your company is not at fault, going through the court process is still exhausting. When you need a new policy, get an errors and omissions insurance quote from various agencies to see what works best for you.