Small Errors Can Mean Big Loss for Your Company
What Is Errors and Omissions
You can be taken to court and sued even if you did nothing wrong. A simple clerical error, a minor proofreading error or a tiny accounting glitch can cost you hundreds of thousands (or even millions!) of dollars in legal expenses – and that’s before a judge rules against you, handing a massive award to the plaintiff.
Worst of all, it doesn’t matter if one of these “little” mistakes was made by a trainee or an intern – you’re still going to be held legally liable.
You might think that your business liability insurance covers you against those types of lawsuits… and you’d be dead wrong. Because business liability insurance only protects your business against bodily injury, property damage or advertising injuries.
They don’t cover you for the kinds of little mistakes that can not only give your customer a reason not to pay, they can also give them a reason to haul you into court.
- Business Owners
- Medical Professionals
- Financial Advisors
- Real Estate Agents
- Architects and Engineers
- Technology Companies
- Designers and Creatives
- Contractors and Construction Professionals
- Event Planners
- Educators and Trainers
- Health and Wellness Practitioners
- Media Professionals
- Anyone who provides and service
- And more
Securing Peace of Mind
Anyone who provides services for a fee needs errors and omissions insurance. This is everyone from wedding planners and hairdressers all the way up to doctors, lawyers, and contractors. If it is at all possible for your service to be provided incorrectly or late, you need this kind of insurance to protect you.
Errors and omissions insurance will cover you, your business, your employees, and subcontractors that you’ve hired to complete a task on your behalf. You never know when that guy you finished a project for will find a small error giving him all the justification, he needs to take you to court.
Talk to one of our experienced agents today at Moorhead Insurance Agency to ensure that you’re covered against legal liability from minor mistakes.
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