Posts Tagged ‘investors’

Going Beyond Basic Coverage

Professional Liability Coverage

Operating a business is much more than just marketing to the right customers. It takes smart planning moves like having the right level of insurance for your industry. One important insurance policy you may require is called errors and omissions coverage. With this kind of policy, you can better prepare yourself in case of an expensive legal case.

What Makes This Coverage So Special?

E&O coverage extends beyond the realm of basic liability coverage like a general liability. The experts at https://hilbgroupfl.com/ state that general liability does not necessarily cover the kinds of risks and consequences that are involved with alleged negligence and errors. See, errors and omissions coverage comes into play when a client believes an error or negligence occurred with the services you offered. This protection is usually not offered under the terms of general liability.

What Kind of Professional Requires This Insurance?

Many different types of professionals can find this insurance beneficial. For example, healthcare professionals may find this policy beneficial in case a patient places legal action against your office for scheduling an appointment at the wrong time. Accountants, lawyers, and tax professionals would also be wise in investing in this insurance. Financial investors, planners, and even other insurance brokers frequently purchase this insurance in order to be financially ready for a potential lawsuit.