Are you an accountant, lawyer, or consultant? If so, you should immediately look into purchasing error and omission insurance if you havenâ't already! This form of coverage protects business owners against financial loss resulting from a negligence-related lawsuit. Negligence can refer to a wrong decision, or failing to do an act that one was supposed to do. This type of coverage can benefit any business owner who dispenses products, services, or advice. A few examples are:
- Event planners
- Logistics coordinators
- Advertising agencies
Error and omission insurance is often referred to as professional liability insurance. This is because your normal liability policy will not protect you against service errors or contractual disputes, only bodily injury or death. If there is a possibility that you could end up spending a great deal of money defending your business against a lawsuit, you should look into errors and omissions insurance. Every business of any size should at least consider a policy.
If this sounds like something you would be interested in, discuss the matter with your insurance agent. You will need an incredibly individualized policy to make sure all of your exposures are covered. Donâ't take any risks! Be sure to shop around and compare different carriers to ensure you get the best rate, without having to sacrifice coverage.
If you have any questions about professional liability insurance, please contact Cook, Disharoon & Greathouse, Inc.! Located in Oakland, we have been providing our clients with a full line of individualized insurance services for over 60 years! We collaborate with the best insurance carriers in the country so that we can find you the policy you need, all at a competitive price. Our skillful, and friendly insurance agents canâ't wait to get to work, and find the perfect insurance product for you! Select an insurance agency with a great deal of experience, and contact
Cook Disharoon & Greathouse, Inc., today to request a quote!
