Running a business comes with a certain level of risk, whether you like it or not. You may have already heard about general liability insurance, which is meant to protect you against bodily injury or property damage claims. But what about errors and omissions insurance? Do you really need it?
What Is This Type of Insurance?
First things first, what is errors and omissions insurance? Also known as professional liability insurance, it provides protection for you and your business in case a customer sues you for mistakes or negligence in your professional services.