Human is to err! Have you met a single soul that has not committed a single mistake in his whole life? No, right! Humans err! But errors in professional work can lead to hefty lawsuits. But as you know, errors and omissions insurance is there to help you. So, if you too are wondering, how does errors and omissions insurance protect my business, you are at the right place!
Have you ever made a mistake in your profession or ever had a less than satisfied client? I have, and I think everybody has had such an experience someday. But professional errors can cost professionals, and businesses face massive lawsuits, which is precisely when you should buy insurance. So, you are at the right place if you are thinking when should I buy errors and omissions insurance?
Over the last few years, one of the major goals of health policy has been to achieve universal health coverage. A Health insurance policy is a financial safeguard that offers medical coverage to the insured individual during medical emergencies. A health insurance policy, also known as medical insurance policy, is a financial safeguard that covers all medical expenses for illness or injuries and reimburses bills, and pays the medical care provider on behalf of the patient or insured individual. Healthcare insurance policies equip the patients to get the best healthcare treatment without worrying about the costs incurred during the treatment
Do freelancers need insurance? Well, freelancing is a passionate choice, and though it brings the bonuses of being your boss, it also exposes you to several risks! So, freelancing is not only a passionate choice but a responsible one too! And thus arises the need for freelancer insurance!
Do you feel the uncertainties associated with owning a food & beverage business? If yes, congrats! You are one step ahead of your competitors. Accepting the risk is the first step towards mitigating it. And food and beverage insurance policies help you do just that.
The difference between general liability and errors and omissions insurance will mark the difference between paying thousands or millions of dollars in lawsuits or having a cushioned legal defense!
The retroactive date is where timing matters! Can you imagine that despite buying insurance, it is possible that your claim is denied because the date of the accident was before your claims made policy started? Or maybe, there is a coverage gap, which resulted in your coverage being denied. The retroactive date makes this big difference between claims being accepted or rejected. And this is where the importance of retroactive date in liability insurance lies!