UG Insurance Brokerage Inc Blog |
In today’s fast-paced business environment, even the most experienced professionals can make mistakes. Whether you’re a consultant, contractor, healthcare provider, or IT specialist, the risk of a client alleging negligence, errors, or omissions is ever-present. Professional Liability Insurance, also known as Errors and Omissions (E&O) insurance, is a critical safeguard for businesses and individuals offering specialized services. This insurance provides financial protection against claims that your work or advice caused financial harm, ensuring your business remains secure and reputable in the face of legal challenges.
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General liability insurance (GLI) is also known as commercial general liability insurance or business liability insurance. This kind of liability insurance protects your company from bodily harm or property damage claims. Such claims can arise in the course of normal business operations. However, you'd have to pay for the damages out of pocket if you didn't have general liability insurance.
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