No one intends to make an error. We all try to provide our best to our clients, but mistakes happen. Professional liability insurance (also called errors and omissions insurance) protects your business if you’re sued for negligently performing your services – even if you haven’t made a mistake.
Wondering if you are at risk? Among the vulnerable are consultants, medical professionals, lawyers, accountants charities and non-profits – basically any business that sells a service, which is why most of these professionals invest in professional liability insurance.