Offering any sort of consulting services today puts you as a professional at risk of financial liability. A simple mistake or error on a part of a consultant while providing services can potentially lead to a devastating litigation. In order to preserve and sustain a professional career and personal assets, one must be adequately insured by an Errors and Omissions or Professional Liability Insurance Policy.
Consultants in the field of management, environmental, healthcare, public relations, computer, engineers, architects, recruiters, telecommunications, and other professionals all need Errors and Omissions Insurance (E & O) to shield themselves from financial liability.
Common types of It Professionals we insure:
- Strategy Consultant.
- Management Consultant.
- Operations Consultant.
- Financial Advisory Consultant.
- Human Resource Consultant.
- IT Consultant.
Professional Liability insurance also known as Errors and Omissions insurance (E&O) and Malpractice Insurance insures you and your business, subject to the policy, from financial liabilities that arise as a result of errors and failures that occur while providing services expected and related to your profession. Having and E & O Insurance policy shows your clients professionalism and provides a sense of security.
Premiums are based on specialization, claims history, experience in the industry and the amount of business produced.
Do not mistake General Liability with Errors and Omissions insurance! Your General Liability insurance only provides coverage for damages and bodily injury. Your Errors and Omissions Insurance provides coverage for Professional Liability Issues. They are different policies and insure different criteria.
To discuss your Consultant Insurance needs, Contact us Toll Free – 1-888-480-7677.
To request a quote, please refer to the link below!
