If you own a business, you probably own some form of general liability insurance to protect you in the event of a lawsuit due to negligence on your part. Workers' compensation insurance protects employers from claims resulting from injuries to employees. Business Owners Package policy, commonly called a "BOP" contains many of the insurance coverages needed by most small businesses.
Professional liability insurance, also sometimes referred to as Errors and Omissions insurance or E&O, protects businesses or individuals in the event that a customer holds your company or business owner responsible for a service that was provided, or failed to be provided, and did not have the expected or intended results. Normally, it is difficult for businesses or general contractors to work without general insurance.
General liability insurance is intended to guard operators and owners of companies from claims that may come from a broad spectrum of sources. If you live in a rented house or an apartment, renters insurance provides important coverage for both you and your possessions.
Professional liability insurance, also sometimes referred to as Errors and Omissions insurance or E&O, protects businesses or individuals in the event that a customer holds your company or business owner responsible for a service that was provided, or failed to be provided, and did not have the expected or intended results. Normally, it is difficult for businesses or general contractors to work without general insurance.
General liability insurance is intended to guard operators and owners of companies from claims that may come from a broad spectrum of sources. If you live in a rented house or an apartment, renters insurance provides important coverage for both you and your possessions.
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