Insurance is mandatory for your small business if clients or other stakeholders, like landlords or suppliers, contractually require you to purchase insurance. This is common when working with large corporations because your insurance policies decrease the chance that...
Have you ever heard of the term professional liability insurance or errors and omissions (E&O) insurance? Essentially, these two terms describe an insurance policy that mitigates the risk of lawsuits resulting from professional services and negligence claims. This...
The cost of professional liability insurance considers numerous factors. It’s determined based on the company’s history, location, industry, coverage details, business size, and more. Professional liability insurance costs are ultimately hard to determine without the...
