Professional liability insurance, also called errors and omissions (E&O) insurance, is absolutely critical for any person or organization that offers professional services to the public. This type of coverage helps protect you and your firm in the event of a lawsuit. Here’s why you should consider professional liability insurance in Indianapolis.
Should omissions, errors, or negligence take place when you’re performing your professional duties, a client may respond by suing. This can result in exorbitant court costs, legal fees, and settlements. Professional liability insurance can help cover these unexpected expenses and provide you with the protection you need.
A good policy can help with many different things. It might help a company respond to baseless accusations, provide defense coverage if the case goes to court, or protect professional reputations. Additionally, some clients require a certain amount of coverage to be in place before they’ll enter into a project with you.
Finally, this type of insurance also provides peace of mind, helping you to relax with the knowledge that you’re protected if anything goes wrong. This can give you the confidence to help your company grow and take on new projects. For these reasons and more, E&O insurance is absolutely critical. Start to look for solid professional liability insurance in Indianapolis today.