As society become more and more litigious, it is becoming increasingly important to make sure that you are protected from the costs of defense and damage awards that may occur through litigation. It is an unfortunate truth that many people are looking for excuses to seek damage awards, and many of these people are doing so with shocking frivolity. It is in these instances that it becomes time to consider errors and omissions liability insurance.
Professional Service Providers Are at Risk
If you are in the business of providing a professional service, you may be at risk for litigation. If a client even perceives that an error you made or an omission that occurred in the professional service that you provide, they may seek damages to recover any financial harm, real or perceived, that you may have caused. Fortunately, errors and omissions liability insurance exists for just this reason, to protect against the costs that are incurred through a necessary legal defense.
Errors and Omissions Insurance Provides Protection
It is exceptionally important to make sure that you are protected against matters of litigation by investing in the appropriate errors and omissions insurance liability coverage. Find a provider that is able to customize a plan to specifically meet your needs and the needs of your business, as this will help to ensure that you receive the optimal level of coverage.