In today’s business world, there are all kinds of professionals performing many different types of services for a demanding population. Most of these professionals deal with contracts, business transactions, and other financial documents. Because of the nature of their work, these types of professionals face risks and liabilities associated with mistakes that might be made when dealing with such documents and transactions. Do you and your business fall into this category? If so, you may want to consider buying an E&O insurance plan. This unique insurance can protect your company against any legal action that may be taken against it as a result of errors and omission in financial documents created by you or your employees.
It is no easy task to prepare error-free financial documents for your clients, especially if you are required to create a lot of them in a short amount of time. It can also be difficult to maintain consistency when you have to create a large variety of different types of documents. Under this kind of pressure, it is easy to see why mistakes are made. Accidental errors and omissions will likely happen from time to time, which is why it is so important to be prepared for the legal process that may take place in the event of such a mistake. When accidents happen, E&O insurance can offer valuable legal and financial assistance.