If you’re in the business of management consulting, you know that plenty can go wrong over the course of an engagement. Whether you actually make an error in judgment or things go awry due to events beyond your control, you’re at risk of a lawsuit if your client isn’t happy. Errors...
TechInsurance Small Business Center
What Management Consultants Need to Know About Errors and Omissions Insurance
Thursday, June 17, 2010 - Management Consultant
FAQ: Increasing and Decreasing E&O Insurance Policy Limits
Wednesday, June 16, 2010 - General Insurance
Many small business owners purchase higher limits on their errors & omissions insurance because their client contracts require it. But what about when those contracts expire? Is it a good idea to save a little money by reducing your professional liability policy limits? Or, what if you already have...
When Disaster Strikes, Business Interruption Insurance Keeps Businesses Alive
Friday, June 11, 2010 - General Insurance
It’s a small-business-owner’s worst nightmare: a fire or natural disaster wipes out your business’ headquarters, leaving you and your team with no computers, no office equipment and nowhere to work. Although the right property insurance policy would cover the physical losses and damage...
What Isn’t Covered: E&O Insurance Policy Exclusions
Monday, May 24, 2010 - General Insurance
Errors and omissions insurance, also known as professional liability or E&O insurance , is designed to protect you against a client's claim of negligent acts, omissions or errors you make while performing professional services. In the event of a covered claim, these policies will pay for legal defense...
What To Expect if You Cancel Your E&O Policy Early
Friday, May 21, 2010 - General Insurance
If you’re thinking about canceling your errors & omissions insurance policy before the end of the one-year term, it pays to understand how much of a refund or "return premium" to expect. The return premium is the amount of the insurance premium that was not used or "earned."...
Top Questions Systems Integrators and Custom Programmers Ask About Errors and Omissions Insurance
Friday, May 14, 2010 - Systems Integrator
If you’re an independent systems integrator or custom programmer, you’ve probably heard about errors and omissions (E&O) coverage . It’s one of the most important types of insurance for any small business, and it’s often required by client contracts . But many IT professionals...
Avoiding Lapses in E&O Insurance Coverage: What You Need to Know
Thursday, May 06, 2010 - General Insurance
If you’ve decided to purchase professional liability insuranc e, you know the value of protecting your business against claims of professional negligence. But it’s also critically important to understand the reasons why, as long as you’re in business, you should never let your policy...
What Is an Insurable Risk?
Tuesday, May 04, 2010 - General Insurance
Business insurance is designed to protect your IT company against risk, or the likelihood of a loss. But it’s important to understand that even the most comprehensive insurance policies don’t cover every type of risk, and don’t offer unlimited compensation in the event of a claim. When...
Top Questions IT Project Managers Ask About Errors and Omissions Insurance
Thursday, March 25, 2010 - IT Project Managers
One of the most important insurance coverages for any small business – and especially for independent IT project managers – is errors and omissions (E&O) coverage . Many small technology companies are not sure what it covers and how it differs from other types of insurance policies. Here...
Lessons Learned: Building on Success with Marketing Post-Project Reviews
Monday, February 15, 2010 - Marketing Consultant
In business as in life, learning from our mistakes and successes is the best way to improve. As marketing consultants, the most informative feedback comes from our clients. That’s why formal project reviews are one of the best ways for marketing consultants to get better at what they do. Post-project...
