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While E&O insurance guards against many incidents, it typically does not cover intentional wrongdoing, illegal activities or claims under the purview of other insurance types such as general ...
Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance which helps protect professional advising, consulting, and service-providing individuals and companies from bearing the full cost of defending against a ...
The post Errors and Omissions (E&O) Insurance for RIAs and Advisors appeared first on SmartReads by SmartAsset. These lawsuits not only harm their reputation but can financially devastate their ...
There are also many other coverage extensions available through the purchase of additional insuring agreements. These are common to most crime insurance policies (burglary, fire, general theft, computer theft, disappearance, fraud, forgery, etc.) and are designed to further protect specific company assets.
Crime insurance is a form of casualty insurance that covers the policyholder against losses arising from the criminal acts of third parties. For example, a company can obtain crime insurance to cover losses arising from theft or embezzlement. Terrorism insurance provides protection against any loss or damage caused by terrorist activities.
But there’s likely no single small business insurance policy that offers all the coverage your company needs. Most business owners have to purchase multiple policies to get the right protection.
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