Leah Kelvin
Active member
It is a crucial requirement for firms that provide professional services or advice to have professional liability insurance, also called errors and omissions (E&O) insurance or professional indemnity insurance. It involves of defending litigation, financial health, safeguard the reputation of the business, meet customer expectations, manage risks, ensure compliance with industry regulations as well as peace of mind for entrepreneurs. With this policy in place, businesses are able to settle legal fees arising from lawsuits and other claims while still protecting their assets and cash flows. They show accountability for what they do by having professional liability insurances such that it enhances their trustworthiness and competitiveness. In summary, Professional Liability Insurance Is an invaluable risk management tool that enables companies to concentrate on delivery quality service and growth without fear of unexpected events or eventualities.
