Business Insurance Doesn’t Have to Be Hard, Here Are 3 Types You’ll Need
smallbiztrends | December 24, 2018
As a business owner, it’s important to be positive and optimistic for the most part. However, if you plan on being in business in the long run, it’s pretty unrealistic to think that nothing bad is ever going to happen. Insurance is a great tool that can be used to protect you against the unexpected and limit the effect of any major damages that may take place. If your business is your bread and butter, you may want to obtain the proper insurance needed to protect that asset. Professional liability insurance is also known as errors and omissions (E&O) insurance. This insurance protects businesses and their employees against claims made by clients for inadequate work or negligent actions. Professional liability insurance often covers court costs and any settlements up to a specific amount as detailed in the insurance agreement.