Your business may be very successful but in today’s litigious society are you prepared to cover the costs and stress arising from a liability lawsuit? You can protect your business from attorney’s fees, court costs and any liability judgment with an errors and omissions insurance policy. These risks are NOT covered under a typical business liability insurance policy.
If you are in the type of business where you provide professional advice to other people, you may need an Errors and Omissions policy. What type of businesses might need a Newfoundland Errors and Omissions policy?
- Architects and Engineers
- Medical Professionals
- Surveyors, Appraisers
- Financial Advisors
These are just a few of the professions that may have a professional liability exposure and need an Errors and Omissions policy.
The stress of litigation against you can mentally exhaust you from driving your business. With errors and omissions insurance you can relax, knowing that your court costs and potential liabilities are covered.
Depending on the type of work that you do, Errors and Omissions Insurance can be inexpensive. As the risk associated with the advice that you provide and the potential for loss increases, the cost will increase accordingly. The are many insurance markets that have expertise in providing Errors and Omissions Insurance for your business. Let us find the right insurance market for you.
You may think that you are covered from these risks by your general liability insurance policy but it typically does not cover contract performance, errors or disputes. You need specific errors and omissions insurance to be protected.
Here are two reasons to act now!
- Errors and Omissions insurance needs to be purchased prior to beginning a project or ahead of a product launch. Make sure your next venture is fully protected.
- You can receive a no-risk quote within a day. Simply fill out this short form and we’ll get back to you with an inexpensive policy quote.