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Small Business Articles

Teaser Article Everything You Need To Know About Home Inspector Insurance 1301560496

You’re performing a home inspection and miss a problem with the electrical system. The buyer goes through with the purchase, learns that correcting the problem will cost $6,500, and sues you to pay for that expense.

Teaser E&Oinsuranceforinsuranceagents 1339459575

As an insurance agent, you provide professional advice and services to your clients. If you happen to make a mistake, you can be liable for any financial damages caused to them. A client might also accuse you of making a mistake and have to defend yourself in court even if you didn’t do anything wrong.

Teaser Doesbusinessliabilitycovereo 1215027994

Both business liability insurance, like a general liability policy, and errors and omissions insurance (also called E&O insurance or professional liability insurance) help protect your company from lawsuits and the associated costs. However, they’re designed to address different kinds of risks.

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Professional liability insurance is coverage for individuals and organizations that provide professional advice or services in the event that a client alleges a mistake or oversight was made. Also called errors and omissions insurance (or E&O for short), it’s critically important if your business is focused on providing expertise.

Teaser Neede&Oins. 1180532869

Small business owners who provide professional advice or services often ask, “Do I need errors and omissions insurance?” The answer in virtually all cases is, “Yes, you do.” Errors and omissions insurance (sometimes written as E&O or E and O insurance) is professional liability insurance that protects businesses from claims by clients that the company’s employees made a mistake or neglected certain required actions.

Teaser Realestateagentinsurance 1278101126

As a real estate agent or agency owner, it’s crucial that you have proper insurance coverage for your business. There are a number of policies—what might collectively be called “real estate agent insurance” [link to real estate industry page]—that you need to protect your business from the high cost of liability and losses. That’s because your business faces many risks, including incidents like: