Errors and Omissions Liability protects your company from claims if your client holds you responsible for errors, or the failure of your work to perform as promised in your contract.
Any type of service would be covered for if you make a mistake that could cost a company loss of revenues and services you could possibly be held responsible. I have it because I provide bookkeeping services. However, I would have gotten it irregardless.
What insurance company do you recommend for insurance? I am in the process of getting my insurance and was wondering if anyone had any suggestions or comments on the various insurance companies out there.
I'm a bookkeeper so my E&O and my surety bond both came from Naplia (through the American Institute of Professional Bookkeepers). A surety bond is insurance that if I or an employee of mine stole money from a client that the money would be replaced.
I had business liability added to my homeowner's policy so that if the business property (or a client coming to my house) was damaged that the insurance would cover it.
Insurance...
Lily Chambers, The Virtual Office Goddess, LLC
Linear Mode
