If you don’t know what the right coverage is for you and your business, don’t be afraid to ask! General liability provides coverage for property damage, bodily injury, your completed work and over all third party damages. Professional liability, or E&O Insurance, covers inadequate or negligent actions performed by the business owner or employees. Call a professional today to make sure you have the coverage you need! 😉 (619) 508-5704
Professional liability insurance (PLI), usually works for individuals who provide professional service or advice of a sort. It protects the professionals such as lawyers, accountants and doctors against negligence, or other similar claims by disgruntled clients.
A client may suffer damages as a result of these services whether directly or indirectly. The resulting fallout from these damages may result in a lawsuit which might end up incurring restitution costs.
Taking an insurance for this possibility allows individuals to not bear the full cost of damages awarded in the lawsuit.
FAQ: What is Errors And Omissions Insurance❓
Errors and omissions insurance (E&O) is a type of professional liability insurance that protects companies, their workers, and other professionals against claims of inadequate work or negligent actions.
Even a small professional error or oversight could end up costing a client money. When the client tries to recoup their losses by suing your business, errors and omissions insurance helps pay for your legal costs.
Insurance is so important. I get it’s one of those expenses that you do t appreciAte until you need to claim but when you do, it was the best money you spent.
FSB Insurance is only available to #fsbmembers . They are not just there to protect you but even if you don’t have insurance with them, they can give you advice on your current policies.
Get in touch to find out more. #joinfsb
A Traveling Tattooer Policy, General and professional Liability PLUS 5K of machine/supply coverage is affordable! $175 down, and $58 a month for 10 months. AND it travels with you, anywhere in the US and its territories, for the ENTIRE YEAR! Set it and forget it! ✈️
Whether you know exactly what TCM coverage you need or want to talk it through with one of our experts, we are here to help🙋🏻! Click the link in the bio to buy online or give us a call!
3 255 February, 2020
What Is Professional Liability Insurance?
Get a free Professional Liability Insurance quote from Fusco Insurance. If you’re an expert in your business, you may make a mistake And if the client or customer thinks the mistake impacted them financially, you may be sued. Professional liability insurance, also known as errors and omissions insurance, or E&O insurance, helps cover you and your company if you are found negligent in the professional services you provided.
Professional liability insurance helps protect you and your company against a claim that professional advice or services you provided caused a client or customer financial harm due to mistakes on your business’s part or because the business failed to perform some service.
For example, if you are an accountant or bookkeeper and make a clerical error that costs a client thousands of dollars or if you work as a photographer and accidentally damage a client’s wedding photos – claims in these situations could have costly legal repercussions. Professional liability insurance will help cover the costs and fees associated with resolving such incidents, including legal fees and damages awarded. Contact us at Hello@fuscoinsuranceny.com. #professionalliability#E &Oinsurance
0 25 February, 2020
Most people think cyber attacks only happen to large corporations. When in fact 50% of small business owners have reported 1 or more attacks in the past year. With technology constantly evolving it is important to know your risks. If you are a business owner cyber liability coverage is an important part of protecting your risk .
You worked hard for that dental degree! Disability insurance protects that hard work by protecting your ability to make a living. Around graduation is the BEST time to buy this coverage because new #DentalGrads get some of the best rates! Call or text FDAS at 850.681.2996 to learn more.
Bass is a one-stop-shop for all your Commercial, Brokerage, and Personal Lines needs. Our products help agents meet the needs of their clients to protect their valued assets. We want to assist you in your endeavor to provide the best Insurance Products and Service in the marketplace.
Visit our website for more information about these products! (🔗 link in bio)
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1 1029 January, 2020
We have been providing insurance to healthcare professionals, schools and associations for more than 70 years. We work with some of the top carriers in the professional liability marketplace that are well versed in the industries we serve and whose longevity in the insurance sector promises financial security. Get a quote today.
As an interior designer, you are trusted to plan and design interior spaces that meet your clients’ expectations and timeline. General liability insurance doesn’t protect you from the risks associated with providing your interior design services. You need professional liability insurance. It’s not the glamorous side of design, but you’ll be be glad you did it!
Supporting my amazing client @wowcentermiami with their hueman shirt today in Nashville 🙌🏼 #morealikethandifferent :::The goal of The WOW Center is to provide quality programs and support to individuals with developmental disabilities in order for them to lead meaningful and productive lives, explore their potential, develop a sense of community and pursue independence and jobs if able.
In order to accomplish this goal, The WOW Center focuses on improving the adaptive skills of individuals who attend the Center. These are the daily independent living skills required to live, work and play in the community.:::
15 1299 November, 2019
Winter in Northern California looks like this. Where the sun shines most of the time and we think 55 degrees is cold. And on days like this, it’s acceptable to walk barefoot in the sand. ☀️🌊
Last week I was able to help a new business venture secure a few policies for a company which they were about to purchase.
The previous business owners of 16 years, did not have work comp in place, and ran their operations without it!!! (yikes!) this made it a bit challenging to obtain coverage, because of the “business acquisition without prior coverage” (among other things)
I LOVE brand New Business Ventures!
I love a challenge!!!
Need I say? We did it! We secured 4 policies for their business operations and it’s smooth sailing from here. I Love being an Independent Broker, being able to shop your very important business is what I do.
Congrats on your new business venture! Wish you many successes!
Today, I had an interesting conversation with a client... his partner did not think that having General Liability Insurance was a benefit to the business, but rather an unnecessary expense that could be avoided- since they have never had a claim, And the facility they promote their business at- never asked for proof of coverage.
Which leads me to answer this question:
Which businesses need general liability? .
The average “premises liability” lawsuit costs around $54,000. Without General Liability insurance, your business would be required to pay damage claims out-of-pocket. .
Consider adding general ability to your small business insurance solution if your company has: • A warehouse, Office, storefront, or show room that customers, employees, or vendors visit
• Advertising or marketing content
• Possibility of damaging someone else’s property while working .
Which businesses need professional liability?
Consider adding professional liability to your business insurance policy if you offer advice, services or products. Clients or customers could make a claim against her business even if you’ve done nothing wrong. And the costs can range from thousands to millions of dollars. Without professional liability insurance, your business could be on the hook for paying legal fees, settlement and damages costs out-of-pocket.
To protect your business for the potentially devastating costs of liability claims, you must first understand what liability risks it faces and then choose the right types of business insurance like to reliability insurance, professional liability insurance, or other types of insurance, to address those risks.
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