How Do You Limit A Corporations Liability With Errors And Omissions Insurance?
Errors and omissions (E&O) insurance can protect your corporation’s liability if you make an error and the client take you to court. E&O insurance can also protect your company if you can’t perform your required duties to a contract’s specifications. Recommended for individuals and firms who provide advice or represent the needs of others, this insurance can cover legal costs. Here’s how to obtain it. Locate an E&O insurance provider through the National Association of Professional Insurance Agents (see Resources below). Some agents will only write policies for companies that have been licensed and in business for 1 full year, so make sure the agent knows if you’re just starting out. Speak with several agents to find one who specializes in your field. The best way to limit your corporation’s liability is with an airtight policy crafted by a provider who knows where you are vulnerable. Fill out an application provided by a potential insurance provider. You should describe your corporati
