Small business professional liability insurance, also known as errors and omissions (E&O) insurance, is a type of coverage that protects small business owners from financial losses due to third-party claims of professional negligence or wrongful acts. This coverage can help cover the costs of legal defense and settlements, as well as any damages awarded. It can also protect against claims of wrongful termination, discrimination, and other work-related issues.
Small business professional liability insurance is crucial for businesses that provide professional services such as consulting, accounting, and legal services. It is also important for businesses that handle sensitive information such as personal data or financial records.
Information on the different types of coverage available, the benefits of having professional liability insurance, and how to purchase and maintain the coverage for a small business.
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