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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Is employment practices liability insurance worth it for a smaller business?

Employment practices liability insurance - women sitting around a table

EPLI can provide companies of all sizes with coverage against claims of discrimination, wrongful termination and more. Employment practices liability insurance (EPLI) sounds like the type of coverage that would only be required by a large company with hundreds of employees. However, medium and even small businesses are discovering that it can provide them with substantial benefit in the face of accusations from employees. Businesses of any size that have employees have the potential to find themselves in need of this coverage. Should a business of any size face claims…

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