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Why Do I Need Errors & Omissions Insurance?
Mistakes happen every day so every prudent professional should have errors and omissions insurance in place. Even if you did nothing wrong, clients might initiate a lawsuit out of a simple misunderstanding causing you to spend thousands on legal fees before the whole thing is settled. These types of expenses can bankrupt a small business and can seriously damage your reputation. An often overlooked benefit of having E&O insurance is that the insurer will be responsible for defending all claims made against you – even if their claims are later shown to be untrue. Depending on what type of business you’re in, it might also be a legal requirement that you obtain E&O insurance before doing business.
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Errors & Omissions Insurance at affordable monthly rates with APOLLO Insurance.