You work hard every day to give your customers the service they deserve. Unfortunately, you cannot control the expectations and feelings of every single one of your clients. Therefore, you run the risk of being hit with a lawsuit from clients that claims negligence. This is why your New Jersey business should invest in errors and omissions insurance. With this coverage, you are better prepared for any settlement that can come your way.
Preventing Costly Losses
Errors and omissions deals with companies that provide some sort of service for a price. If a clients feels that they have had some unsatisfactory service or that you did on meet their contractual expectations, they have the ground to sue you.
At this point, you can expect to spend thousands of dollars even if their claims are not entirely accurate. If you do not have errors and omissions insurance, you may have to pay these expenses out of your own pocket. With such a hard financial hit, your business runs the risk of bankruptcy or at the least public embarrassment.
Strong Agency, Strong Protection
When you work with an agency qualified to offer errors and omissions insurance, you are building a foundation for your business’s future. Depending on your contract, you may be fully protected from any lawsuit expenses. Start working with an agency today, and create that much needed shield.