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Brian's Blog

Check your E&O Insurance
by brian reilly | 2014/03/25

Error and Omission insurance is very expensive. So, if your state does not require it, why get it? It’s simple really—you can’t afford not to. No matter how careful you are or how many times you double check—mistakes are inevitable in every industry. It is human nature. But if you are making decisions that affect other people, high stakes liability can quickly escalate. Suddenly you’re being sued for simple errors that had huge consequences.

Errors and omissions insurance protects you against malpractice claims that could result in bankruptcy. Without it, you could be responsible for enormous fines. Usually insurance will cover monetary damages that you may have caused due to your professional negligence. However, more often than not it will not cover personal injury.

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