As a professional service provider, your expertise and advice are invaluable to your clients. However, even professionals can make mistakes or face allegations of negligence. Errors and Omissions (E&O) insurance, also known as Professional Liability insurance, provides essential coverage to protect you and your business from potential lawsuits and financial losses. Errors and Omissions (E&O) insurance is a specialized form of professional liability insurance designed to protect individuals and businesses that provide professional services. It covers claims of negligence, errors, or omissions arising from professional advice or services provided to clients. Identify the specific risks associated with your profession and the services you provide. Consider the potential financial impact of a claim or lawsuit. Consult with an experienced insurance agent or broker who specializes in E&O insurance. They can help assess your professional risks, explain policy options, and customize coverage to meet your specific requirements.
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