Professional liability insurance protects small businesses from civil lawsuit costs

Professional Liability Insurance - lawsuit - money

The expense of malpractice, negligence, common mistakes, and misrepresentation claims suits could be devastating. Professional liability insurance, also known as Errors & Omissions coverage, is the type of policy that protects a business against civil lawsuits. Many small businesses assume that this is an unnecessary coverage because of their size but in our highly litigious society, it is a greater requirement than they realize. This type of coverage is also known as an E&O, professional indemnity or malpractice policy. No matter what you call it, professional liability insurance protects a…

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Americans are choosing GEICO and Progressive auto insurance, says JD Power

Auto insurance - auto insurance policy

At the same time, they are leaving Allstate and State farm for their vehicle coverage. A new JD Power and TransUnion collaboration study has shown that Americans are increasingly choosing to purchase their auto insurance from Progressive and GEICO. These two insurers saw the largest growth in this year’s second quarter. This was revealed in the Quarterly Shopping List Report which examines rates of quotes and switches. Among all the major American auto insurance companies, GEICO saw the largest quote volume. Allstate saw the second largest quote volume, followed by…

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