Small business insurance

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.

It’s not as difficult as you might think to find affordable small business insurance. From comparison shopping to bundling policies, learn how you can save money and still protect your business.

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.

Some business insurance policies are required by law. Others can help your small business stay afloat when property damage, a business interruption, or a lawsuit threatens to pull you under.

Sole proprietors face many of the same risks as larger tech companies, which makes business insurance just as important. Discover recommended policies for sole proprietors in IT.

While an S corp shields tech business owners from some legal liabilities, it’s still important to protect yourself with business insurance.

Business insurance cancellations can lead to increased premiums and risk exposure. Before you cancel your policy, first consider these factors.

An insurance binder is a temporary document provided by the insurance company to serve as proof of insurance until the insured party receives their actual policy.

A certificate of liability insurance is a document that proves your company has liability coverage. Your insurer issues you this certificate with your insurance policy – and you can also download a copy online whenever you need it.