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You Need To Know About Error And Omission Insurance

Errors and omissions insurance, or professional liability insurance, can provide you with protection if anyone brings a claim against you and your services. If you are a real estate agent or broker or you work in landscaping, you always need errors and omission insurance in place.

Insurance can help you to protect yourself satisfactorily by helping you with such prices, including court fees, attorney fees, and whatever else such claims can cover. But by now you may be wondering how to secure error and omission coverage in your industry. 

error and omission insurance

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In cases like this, you should talk with an organization's insurance policy supplier to tell you exactly what is involved and how much the coverage costs.

Business Insurance Packages

Most business owners buy their organization insurance in packages. The purpose of these all-round packages is to provide all the coverage that a company wants, and many packages are especially better for a business enterprise. 

However, the sharing of these packages does not include errors and omissions insurance. They usually include such things as home insurance, general liability, workers' compensation, and other coverage.

This is why you should ask your insurer to add E&O to your enterprise insurance package. You'd hate to end up on the wrong end of an E&O claim simply to know that you didn't have the vision to guarantee the right policy. An error and omission claim can be very costly and a wrong claim can go to the company when the court fees and other defense expenses are too high.