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business insurance: Can a Business Owner Survive Without Errors & Omissions Insurance? - 06/01/09 12:53 PM
At the very least, most business owners will purchase a BOP (or Business Owner’s Policy) to protect their company and their employees. There are also many supplemental policies one can add to a BOP to create a more comprehensive coverage for their business. One very important policy for businesses is Errors & Omissions Insurance. Errors & Omissions Insurance, or E&O, covers businesses from liability issues due to employee mistakes. This coverage is very similar to Professional Liability. Typically, businesses such as real estate brokers, insurance agencies, doctors, and lawyers have E&O policies. Because these types of businesses offer their professional “advice,” it
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business insurance: Business Insurance for Your Home Businesses - 04/28/09 10:33 AM
Most people wouldn’t bat an eye at insuring a business, so why do so many people think they don’t need business insurance for their home business? Although some homeowner’s insurance policies will cover businesses run from home, the coverage is often low and doesn’t usually account for costs that exceed $3,000. If you’re running a business from home, chances are you have equipment, like computers, copiers, etc., that could exceed that amount very quickly should they need to be replaced. To help protect yourself and your business from out-of-pocket costs, there are usually three options for home businesses. Adding supplemental coverage to
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Mark Silliman
Woodstock,
GA
More about me
Insurance Management Associates
Address: 285 Parkway 575, Woodstock, GA, 30188
Office Phone: (800) 951-6273
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