No matter in what industry your business operates, there is liability involved. For some industries and professions, there is an innately higher chance of a mistake occurring or for misinformation to be given simply due to the nature of that industry. Luckily, there is a type of insurance that, when purchased, can kick in when this kind of mishap occurs. In the event of a claim, this policy will cover the cost of defending you in court and any monetary damages awarded to the claimant if you are found at fault. But which professions need this coverage?
Here are the top seven:
- Accountants
- Computer consultants
- Software Developers
- Planners
- Architects
- Real Estate Agents
- Contractors
Keep in mind that this list is not exhaustive. It is appropriate coverage for anyone who gives advice, makes educated recommendations, designs solutions, or represents the needs of others. Specialized forms of E&O coverage are also available to professions such as appraisers, real estate agents, insurance agents, home inspectors and notaries.
That’s where we can help.
