In a perfect world, professionals like you wouldn't need E and O insurance. All transactions would unfold without a glitch, all clients would be happy and we wouldn't even need regulatory bodies because people just did what they should. All the time. We don’t know where that world is. We do know mistakes happen because people are not perfect. We also know that following some common-sense rules in how you conduct business will minimize the chance you’ll be hit with an Errors and Omissions … [Read more...]

Having Errors & Omissions coverage protects you when claims are filed, but you can take steps to reduce the likelihood that claims will be filed in the first place. We’ve assembled some tips to help prevent a professional liability claim. The first five in part 1 are about direct client interaction. In part 2 there are five additional tips on avoiding an E and O claim that are about general business practices or professional standards. 1. Fact-Find First Take time at the outset to get a … [Read more...]