Protect Your Company With Business Insurance

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Also, businesses that manufacture or sell products should absolutely purchase product liability insurance included on a general liability policy. If a customer is injured using your company’s product, your company will be held liable. A general liability policy can be built to protect companies from defective claims suits, but be sure that your policy does not exclude this important coverage.

The Importance of E&O Insurance

All companies need to seriously consider purchasing professional liability insurance, also known as errors and omissions insurance. Errors and omissions insurance will cover your company in case a customer or client suffers a monetary loss as a result of an inadvertent error or omission. Unintentional mistakes in design work fall under this category as well. Many contracts require that businesses carry professional liability insurance.

Either way, E&O insurance claims are rising steadily. Did you know that one out of every seven professionals will be named in an E&O lawsuit at some point in their lifetime? Obviously, E&O insurance serves a huge purpose in most small business insurance policies.

Find That Dollar One Defense Policy

Some liability policies offer dollar one defense coverage with no policy deductible. This will mean that the insurance will pay for cost of legal defense for your insurance claim up to the policy limit. The insurance policy you