Policy pays when clients claim injury
Also called errors and omission insurance, this is one policy that it is very important to have for those who are in the business of providing some type of professional service or advice. In the event the policyholder make an error or omission that causes injury to his or her client, the policyholders coverage pays for the legal defense costs regardless of whether it is determined that an error or omission has actually occurred, as well as the court fees to pay for legal defense (up to the policy limit). The policy also pays for damages for which the policyholder is found liable (again, up to policy limits).
Talk to an experienced professional
Having coverage in place for error and omissions makes sense to provide protection for the risks that are outside the definition of bodily injury or property damage in a standard general liability policy. To learn more, talk to a professional insurance agent who has the kind of expertise that is needed to make appropriate choices that will offer protection from professional liability claims.