How to Shop for Insurance

insurance in VA

When it comes to shopping around for insurance in VA it can be a little stressful. There are so many coverage options and insurance agencies willing to help businesses with their needs. It can be hard to know where to start. With these three tips on what to look for, however, you can find the right agency for you in no time.

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Why Errors & Omissions Coverage Is Important

Errors and omissions New Jersey

Many devastating lawsuits against professional firms are brought on the basis of a mistake by an employee. Errors such as accidentally leaving out important information from a form, failing to enter an important calendar date, misplacing a document or making an inaccurate calculation can all cause serious damage to the client, ranging from monetary loss to personal injury. Even if your firm has excellent employee training and anti-error protocols, there is no way to ensure that no mistake is ever made.

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Three Industries That Need Errors and Omissions Insurance

Errors and Omissions for Lawyers

Errors and omission insurance is a great option for individuals and businesses that need coverage in the event a client may sue for service that was provided, or failed to be provided. Most errors and omission plans cover judgments, defense costs and even settlement costs, saving the individual or business from potential financial collapse. While this type of insurance is definitely beneficial to many professionals in various industries, there are several fields of work, such as errors and omissions for lawyers that should absolutely consider it.

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Common Myths About Errors and Omissions Insurance

What is Errors and Omissions Insurance

As a business owner, you may be familiar with errors and omissions insurance, and how it protects you or your business in the event that a client pursues a claim based on what they perceive to be an error or omission on your part. Or maybe you’re asking, “What is errors and omissions insurance?” In brief, this type of coverage is intended for anyone who charges a fee for a professional service, and it guards you and your business if a client experiences some type of financial loss due to your actions. It’s commonly misunderstood, however, so here’s a look at some common myths about what’s often referred to as E&O insurance.

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Why Every Lawyer Needs Errors and Omissions Insurance

Lawyers are often telling architects, doctors, accountants, and many other professionals that they need errors and omissions insurance, but it is just as important for lawyers to have this important type of insurance coverage as well. Because lawyers already face a very challenging and competitive industry, it is important for them to do everything they can to protect themselves financially, including purchasing Errors & Omissions for Lawyers.

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Coverage For IT Specialists

e&o insurance

e&o insuranceWith technology advancing at an exponential rate, the competition for IT specialists is more cutthroat than ever. Those who can effectively design cyber-security, be a whiz with accounting software and network a large net of machines are quickly becoming a dime a dozen. The pressure of standing head and shoulders above the rest can either bring out the best in competition, or cause one to buckle and take shortcuts. Mistakes can and will happen, regardless of how good one thinks they might be at riding the crest of the digital wave. The wave moves incredibly fast, so getting E&O insurance is an absolute must for anyone in a position of digitally protecting a business, network or crunching some incorrect numbers.

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