That’s why you have Errors and Omissions insurance. Should you provide a service, or offer a client advice that backfires, your Errors and Omissions insurance will back you. In each of the cases, the company’s Errors and Omissions insurance covered the liable business, financing defense costs, settlements and regulatory penalties, when applicable. Consider the following real professional liability scenarios:
How Can You Limit Your Exposure to Professional Liability?
When providing professional services or advisement, if you've failed to deliver as expected to the customer, you could find yourself facing a lawsuit. Watch to learn ways you can limit your professional liability, or errors and omissions exposure for your business.