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professional liability: 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 … (1 comments)

professional liability: How Are You Protected From Lawsuits Against Your Employees Mistakes? - 05/15/09 11:14 AM
As a business owner, you’ve worked hard to get where you are and put your business “on the map.” More than likely, you’ve purchased a Business Owner’s Policy (BOP) for insurance and perhaps some General Liability coverage as well. But, do you know what happens if your business gets sued for a mistake that one of your employees make?
A common misconception of General Liability insurance is that it can protect you from the potential costs of employee mistakes; this is not the case. If someone sues you for a mistake of one of your employees, you may be stuck paying for … (0 comments)

 

Mark Silliman

Woodstock, GA

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Insurance Management Associates

Address: 285 Parkway 575, Woodstock, GA, 30188

Office Phone: (800) 951-6273

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