When you run a business in Connecticut, you have a lot of worries and concerns on your mind. Liabilities are going to be on your mind every day. You can’t afford to make a single mistake.
At Goodman Insurance Inc., we want Shelton, CT business owners to be aware, and protected, for every liability. Errors and Omissions insurance is an important part of your Connecticut commercial insurance policy.
Learn the three main reasons why errors and omissions insurance is important today.
Protects Your Mistakes
You may be a superhero in your business world, but you are also a human there too sometimes. E & O insurance is there to undo your mistakes by protecting them from costing you in a large financial way.
You are going to make mistakes. You try to avoid these ones, but this insurance will back you up if they end up actually costing you.
Covers Legal Costs
Errors and omissions insurance is liability insurance in the event that you make an error or an omission during the course of your professional service. You could get sued for that error or omission. This liability insurance will cover your legal costs.
It often covers court costs, and settlements, and other fees incurred during an E & O lawsuit. Legal fees in these lawsuits can be extraordinary. You will want E & O for that alone.
Protects You From Internal Problems
When you run a business, your employees are liabilities as well. E & O insurance will protect you from any problems that they may cause. It won’t protect you from a temporary employee or contractor problems. It also won’t cover any work that was done before your policy came into effect.
You worry about your employees making errors or omissions in the course of their work. This insurance could protect you.
Update Your Commercial Insurance Policy
When you are running a business, there is a chance you could make a mistake. That is what errors and omissions insurance is for. At Goodman Insurance Inc., we help Shelton, CT business owners build the commercial insurance policy they need to keep their mistakes protected financially. Call us for a quote today or to update your Connecticut commercial insurance policy.
