Error omission insurance, more commonly referred to as errors and omissions or professional liability insurance, is a specialized business liability insurance policy designed to protect professionals in all industries. Business professionals who are held to a high standard because of the education and training they receive are strongly recommended to purchase e&o insurance. While professionals make every attempt to offer their community quality...more
S Corporation Versus Limited Liability Company Copyright (c) 2010 Michael JagodaThe LLC is a hybrid entity that combines the personal liability protection of a corporation with the operational ease of a sole proprietorship or partnership. It is also designed to allow business owners some additional choices when it comes to how the LLC will be treated for tax purposes. The formation of an llc is not complex but is more formal than that of a...more
If you're self employed, the law regarding most industries is that you take out liability insurance on yourself, whether you employ others or not. Self employed liability insurance works differently from other forms of insurance, protecting you against accusations of slander and libel. This is the most basic coverage you can get. Professional liability insurance coverage, on the other hand, protects you against law suits, and the protection afforded to you is specific to the industry you are working in. For instance, if you perform house repairs for a living, coverage against accidents and damages on-site is a must.Self employed liability insurance helps you take care of the day to day aspects of your business without excessive fear or anxiety about what could happen should someone choose to attack your good name, or if your company's assets, such as office furniture and other tax-deductible items, are destroyed and cannot be recovered. If you operate a retail store or an office, or any other kind of institution accessible to the public, liability coverage is necessary in order to be protected from law suits from those who are injured while on your property. While it is technically...more
Understand the Exclusions of Your General Liability Insurance Policy – Don't Be Left Uncovered There's a lot of peace of mind that comes from knowing your small business is insured. But it is important to understand your business's risks and what the various types of business liability insurance are intended to cover.For example,...more
A new light on liability insurance I was researching on the different types of insurance such as medical insurance and I came upon liability insurance. I wasn't really sure I knew much about it so I dug deeper.Business liability insurance is actually a protection for your business from lawsuits or property damages. The liability coverage...more
Business Liability Insurance plans will be essential to preserving the long term future within your business. While this can appear to be a clear-cut, totally obvious fact, numerous businesses nowadays are attempting to spend less cash, and as a result of this decision they determine to postpone their Business Liability insurance protection.To put it simply, there may be every possibility that your business insurance cover might save your company eventually, and thus you need to that your enterprise invests in it. We do our best to dissuade people who run organisations from imagining that they may protect their business simply by making their business premises more secure for their clients or even just simplyreconsidering their product range and being as sure as possible that their goods are also incredibly safe and secure.By using these kinds of actions they subsequently think they can easily prevent the need with regard to liability Insurancecover. However, the problem is the fact that it really is not possible to leave out each and every likely hazard to your firm seeing that it results in being way too inefficient as well as very expensive to try and do this, and the result...more
According to Bob Dylan in 1964, The Times, They Are-a-Changin'. Looking back at the 1960s, it was very innocent, but some important markers were laid down that have slowly build into our modern society. This included the recognition there were times...more
What Is Public Liability Insurance And Why Do I Need It? Public liability insurance is not compulsory for most businesses in the UK, but most organisations have it in place and there are many reasons why this is a sensible idea. The main...more
Combined liability insurance - why are prices increasing? When we talk about commercial insurance, there are two main types of cover, for liabilities and property. Certain types of business may choose to obtain cover for commercial liability...more
Self employed liability insurance is an important investment used to protect your business when you work as an independent contractor. The puzzling maze of insurance plans and policies can at times be a little difficult to navigate. It is essential...more
If you are professional offering services or professional advice, chances are you should consider investing in errors and omissions insurance. Also, referred to as professional liability insurance, e&o policies are designed to cover liability claims...more
Your Soft-Spoken Voice Is Not an Asset - It Is a Liability! Speaking in a normal volume of sound can be especially tricky for the soft-spoken. If you are asked to repeat yourself or are often interrupted, then you should consider remedying...more