No matter what type of business you are engaged in, the possibility remains that you may one day be sued by a customer for malpractice of some sort. Whether it be by direct action on your part or it is a claim against a product or service you offer, there is always a risk it may happen to you. This is why carrying Errors And Omissions Insurance San Diego CA is so crucial. Here are just a few of the many benefits this insurance can offer.
What Does This Insurance Cover?
This particular form of insurance covers a wide variety of things. Negligence, poor advice, malpractice, and instances of libel or slander are all covered by E&O insurance. Beyond these coverages, though, the insurance will also pay for court costs, attorney fees, and any settlements or judgments against you or your business. Since lawsuits can potentially be settled for millions of dollars, it is obviously in your best interest to have this type of insurance in your business arsenal.
Are There Things It Does Not Cover
Of course, just as with any other types of insurance, there are things that Errors And Omissions Insurance San Diego CA doe snot cover. Some of the claims that would not be honored would be instances of purposeful wrongdoing, personal injury claims, and claims made by employees. These would all require other types of insurance.
If you are interested in purchasing E&O insurance for your business, contact Ahern Insurance Brokerage. You’ll be glad you did.