Errors & omissions insurance
Even if you’ve done nothing wrong, someone can still sue your IT business. Learn how to prepare for this possibility.
If you are a tech pro who owns a small business, you should look into errors and omissions insurance (E&O), also called professional liability insurance. This policy can help defer the costs of lawsuits, even if you’ve done nothing wrong, and costs about $60 per month.
What happens if a client sues you, claiming that you made a mistake that hurt their business? Professional liability insurance, also called errors and omissions insurance, protects consultants from costly lawsuits over work mistakes.
If your tech 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.
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.
