Why do I need Professional Liability Insurance?
Professional Liability Insurance (Errors & Omissions) should be at the foundation of every company’s insurance portfolio. It is wise to purchase the coverage prior to product launch, or when you have customers. It can be required by investors, particularly VC’s. Most businesses and industry groups can be covered under a Professional Liability (Errors and Omissions) policy.
Mistakes Do Happen. Every company makes mistakes. Professional Liability (Errors and Omissions) coverage insures not only your mistakes, but also the mistakes of your employees and independent contractors. Professional Liability insurance might save you from extreme embarrassment, a lost client, or worst of all, a bad reputation.
Note: Professional Liability Insurance (Errors & Omissions) coverage is not provided by a Commercial General Liability policy. Commercial General Liability does NOT provide coverage for errors, contract performance disputes or any other Professional Liability issues. Get a FREE Quote>>
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