This insurance is vital for businesses that offer professional services or advice. It covers lawsuits for errors, omissions, or negligence in the provision of services.
What does it cover?
- Claims for negligence, errors, or omissions that cause financial losses to your clients.
- Legal costs and possible compensation.
Why is it important?
If your business provides professional services (such as consulting, legal advice, or accounting), an inadvertent mistake could lead to costly lawsuits. This insurance protects you from these eventualities.