Professional Liability and Cyber Insurance

Professional Liability and Cyber Insurance

Professional Liability and Cyber Insurance

Further to general liability, anyone providing any kind of professional service should purchase Errors and Omissions Insurance : Also called Professional Liability. These policies will pays benefits in the event that a client alleges that your professional work including advice you may have given caused physical injury or financial loss. As with other types of small business insurance, E&O coverage pays for the cost of your legal defense as well as any actual damage.

Another coverage point that many consultants that fall into the technology class should consider cyber liability insurance: This coverage protects businesses against the costs of data breaches and related cyber incidents that expose your clients' sensitive information.

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