If your company provides any type of professional service, consulting, or recommendations to clients, you are vulnerable to claims of negligence. Errors, mistakes, miscalculations, or oversights can trigger a customer to claim you were negligent in delivering the service they contracted from your firm.
Unfortunately, we all live in a world that is becoming increasingly litigious with lawsuits filed with increased frequency. Despite you or your firm’s best efforts, a client or customer may feel they’ve been mistreated or led astray by the counsel your firm provided to them.
Just as a doctor needs malpractice insurance, other professions like accountants, consultants, and lawyers who are paid for their professional expertise need protection too. Value One offers robust Errors and Omissions insurance (E&O) designed to protect businesses and their key managers who deliver service and advice for a living.
E&O policies will pay any judgment for which the insured is legally liable, up to the policy limit. They also provide for legal defense costs, which can be substantial, even where there has been no wrongdoing.
Take advantage of our wide array of business insurance offerings and protect your staff and your business from negligence claims.