If you are an IT professional service provider or a tech business owner, then it is important for you to know about errors and omission insurance. Errors and omissions insurance is a type of tech insurance policy, which covers you from client’s claims that you did not provide proper services or your service is full of errors.
This type of insurance policy is perfect for protecting a small tech business as well as an individual computer-based business as well.
IT Errors & omission insurance is the greatest example and one of the biggest buyers of this insurance type.
Furthermore, known as E&O insurance, the insurance does not cover professional liability type problems such as arguments regarding the contract or mistakes in the contract, etc.
Those who avoid purchasing E&O insurance coverage are required to pay all money lost by a client in damages if a client files a case. Moreover, the person against whom the case is filed also requires to pay legal proceeding’s fees as well. So E&O or Errors and Omissions Insurance is the best tool for protection to keep your business protected.