6
Jun
2011
What is Errors and Omissions Insurance and why does it apply to you?
Many people know absolutely nothing about Errors and Omissions Insurance. Some have a general idea, but choose to believe that it does not apply to their personal situation. This is not a good thing. In reality, this type of insurance applies to almost every profession. Errors and Omissions Insurance covers mistakes (errors and omissions) that cause financial harm to another person. It helps an individual or company from bearing the full cost of defense for lawsuits and related cost of “lives or property lost” concerning the error or omission. If you have any effect on the financial standing of the people you work with, you should consider looking at your options for coverage.
How does it apply to technology companies?
Errors and omissions insurance coverage is the cornerstone of a technology company’s insurance program. In addition to coverage for professional services, this policy can cover network security, personal injury, privacy liability, intellectual property, copyright, and trademark.
As you can see, this type of insurance covers a wide variety of liabilities. Come visit our website to find a policy that fits your needs!
