Before asking what is liability insurance, it is better to know why do you need such insurance? In fact, if you know that professional liability insurance is also known as ‘Errors and Omissions Insurance’, you will get an idea about why we all need it.
Without exceptions, we human beings commit mistakes irrespective of our educational qualification and experience-right? While most of the times, such errors and omissions might not cause any big damage to those we are working for, we cannot rule out loss of client data.
Whether we are just work-at-home entrepreneurs or offer to solve various IT issues, we need to get our professional services insured against law suits.
To protect ourselves against litigations, the insurance market has come out with this new product called ‘Professional Liability Insurance’. I am sure you would have more questions.
I would urge you to visit the link above to gain useful insight on liability insurance. Please pass on this blog post to your friends and business contacts.
2 comments:
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