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Entries tagged 'errors-omissions' ↓

Top 10 Workers’ Comp Insurance Questions

What is workers’ compensation insurance? Workers' compensation insurance covers your employees' medical and disability expenses related to work-related illness and on-the-job injuries. Employers' liability coverage , which is normally included on a workers’ comp policy, protects your company...

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Common Questions Marketing Consultants Have About Errors & Omissions Insurance

In the business of marketing consulting, some days the old saying, “what can go wrong, will go wrong,” holds true. While most engagements go according to plan, those that don’t can result in a disappointed client – or worse, a lawsuit. To protect against the high cost of a legal...

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What Management Consultants Need to Know About Errors and Omissions Insurance

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...

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FAQ: Increasing and Decreasing E&O Insurance Policy Limits

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...

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What Isn’t Covered: E&O Insurance Policy Exclusions

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...

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What To Expect if You Cancel Your E&O Policy Early

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."...

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Top Questions Systems Integrators and Custom Programmers Ask About Errors and Omissions Insurance

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...

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Avoiding Lapses in E&O Insurance Coverage: What You Need to Know

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...

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Top Questions IT Project Managers Ask About Errors and Omissions Insurance

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...

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