Having professional liability insurance offers you an extra layer of protection when it comes to errors and omissions (E&O). But what if you could reduce your risks in the first place? You can, by following these tips:
- Educate your staff – make sure everyone in your office knows the potential risks
- Develop a procedures manual – put it in writing to ensure everyone adheres to the same policy
- Thoroughly evaluate clients’ needs – more than half of E&O cases result from a failure to provide the right coverage
- Document everything – make note of all conversations (by phone and in-person); get your client to acknowledge a decline of suggested coverage
Are you protected? Are you paying too much? Compare and find out! CalSurance® offers affordable E&O rates – and it takes just five minutes to apply. Click here to visit the CalSurance blog with more helpful tips or to get started.*
*Program administered by CalSurance Associates, a division of Brown & Brown Program Insurance Services, Inc.; domiciled in California; California license #0B02587
