Certain types of professionals, including real estate agents and attorneys, are particularly at risk for being sued. If you find yourself in this unfortunate situation, it is essential that you have Errors and Omissions insurance. There are a few reasons why you will need to carefully consider who provides your coverage.
While you should do everything in your power to prevent important issues from happening in the first place, former clients may still become litigious if a mistake is made. An agency like NewMark Insurance in Austin can help you find a good insurance plan before you need one. An E&O policy will include coverage of court costs and any payouts that may be granted to the plaintiff.
Your Company Is Unique
Insurance needs vary between professional fields. Real estate professionals need coverage against different types of claims than lawyers do. Even within a single field, the variance between the sizes and clientele of different firms makes them vulnerable to different types of lawsuits. Because of this, you need to make sure you have an insurance policy that is customized to your firm’s needs.
Having the Best Coverage Helps You Do Your Best Work
Just as you know all the tricks of your trade, NewMark Insurance in Austin knows the professional liability insurance business. With NewMark Insurance’s knowledge and experience on your side, you can make an informed choice about your E&O coverage, which will help secure the future of your firm.