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Errors & Omissions Insurance to Protect your Business Assets Errors and Omissions insurance, also referred to as Professional Liability coverage depending on the industry, is an insurance product that is specially designed to protect professional service firms and companies from claims that may arise from a mistake or omission during the course of the service provided. While the mistake may not have been intentional, the cause of financial loss to the customer can lead to expensive lawsuits that could be dragged out for a number of years in court. During this time defense costs will add up, settlements agreed upon, and judgments ordered, which if not properly planned for can be the cause of your business' insolvency. All of this can be prevented by purchasing errors & omissions insurance to protect you and your businesses assets in the event of this scenario.Any professional service firm providing any type of service to the commercial and residential community is at risk for an errors & omissions lawsuit. While the professionals, or the clerical staff within the service firm may not be at fault or negligent in any manner, an unhappy customer has the right...more
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Hunting for Coverage Plans For those who still think buying travel insurance for each trip is a wise move, maybe we ought to learn from them, as these policies can easily provide assistance not only to the travelers themselves, but...more
Finding Golf Club Insurance Playing golf seems like an extremely simple thing to do. Grab a set of golf clubs from any reputable retailer and visit a local course and get to grips with this ever growing sport. Unfortunately, playing...more
Types of Student Insurance Policy and Advices to Prevent Fraud Like all other insurance policies, student insurance policies provide benefits to the student class. Student insurance policy as the vary name suggest provide coverage...more
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Job Position Insurance Company Insurance policies Brokerage Company Program - Pricing MethodsThere are numerous separate methods for setting pricing and earning revenues to your insurance brokerage business enterprise. Generally,...more