You are in business to make money, but sometimes things happen that are out of your control. Protect yourself from unforeseen circumstances that may ruin your company. There are many generic insurance plans out there, but you need to find a commercial package policy in Pennsylvania that works for specific needs. No coverage package is complete without an errors and omissions plan.

What is Errors and Omissions Coverage?

Mistakes happen, and the cost of seemingly harmless accidents can quickly escalate. As a business owner, you are responsible for those mistakes. An errors and omissions plan covers the liability you face in the event that any error made by you or your staff leads to damages for your clients.

What Benefit Does It Provide?

These plans cover the cost of defending against lawsuits brought against you by clients that have been accidentally harmed during the normal course of business. Many insurance providers work with specialized teams of lawyers that focus on the standard cases in your industry. The financial security and legal expertise provided by this coverage allows you to focus your attention on providing quality services to your clients without the fear of repercussions.

How Likely Am I To Need It?

Just about every business owner will face the costs of an unexpected mistake or a disgruntled client at some point. Lawsuits occur regularly, and damages must be paid. The practice of suing service providers has almost become a standard procedure in many industries, and the law heavily favors the injured party. Even winning a ruling against a frivolous suit can be costly.

Part of any good commercial package policy in Pennsylvania should always include errors and omissions insurance. Consult with a local insurance expert in your area to find out what level of coverage you need to keep your business safe.