E&O / Professional liability insurance
An ACORD certificate of liability insurance is a document that provides a summary of your business insurance policy and proves you have liability insurance coverage.
Online businesses face numerous risks that could lead to severe financial losses. These three online business liability insurance policies can help protect your company.
Commercial insurance protects businesses, freelancers, and independent contractors against liability lawsuits, property damage, cyberattacks, and other risks that could devastate your company.
With the gig economy in full swing, working as an independent contractor can be an attractive option for IT professionals. But the rewards of being your own boss also come with risks. That’s why you should consider errors and omissions insurance for independent contractors.
Clients might ask to see your errors and omissions insurance certificate, a document that serves as proof of insurance. You can access this certificate as soon as you buy an E&O policy, also called professional liability insurance.
If your business offers expert advice or provides professional services, you should strongly consider professional liability insurance to protect your company from costly lawsuits. Here’s why you may need this coverage, when it’s required, and how it can safeguard your business.
Also known as errors and omissions insurance, professional liability insurance protects your company from client lawsuits over missed deadlines, mistakes, or negligence – regardless of whether you’re at fault.
Errors and omissions insurance (E&O) is a tech expert's best defense against accusations of mistakes or oversights.
Technology errors and omissions insurance (tech E&O) and cyber insurance are two forms of protection against cyberattacks for small businesses. While tech E&O focuses on cybersecurity errors that harm your clients, cyber insurance offers financial coverage for breaches that directly affect your business.
Both general liability and professional liability are types of liability insurance that cover the business risks faced by small technology and IT businesses, though they differ in the types of liabilities they insure against.
Errors and omissions insurance (E&O) and general liability insurance are types of liability insurance that protect your business in different ways. Let’s look at why so many small business owners buy both types of insurance coverage.
Both professional liability insurance and errors and omissions (E&O) insurance offer financial protection from client lawsuits over unsatisfactory work. They’re essentially the same types of coverage for mistakes in professional services.
The average premium cost for professional liability insurance (also called errors and omissions insurance) is about $60 per month. Your industry and the scope of your services affect the exact cost of this policy.
Before purchasing errors and omissions insurance (E&O), consider factors such as premium pricing, insurance company ratings, and policy limits.
