Oops, did you forget to tell your customer something, or did you make a mistake on a document? It’s not always easy to correct something that you’ve done, especially if it’s something that a customer might not notice.
1. What is this insurance and how does it work?
Errors and Omissions insurance is a type of insurance that covers the legal and financial consequences of a negligent act or omission. The legal consequences that this insurance covers include lawsuits and other legal expenses, such as legal defense costs. It also covers the financial consequences of a negligent act, such as the costs of settlement.
