NJ errors omissions insurance serves to protect you from a variety of threats that over coverage options like umbrella insurance simply do not. Therefore, it seems like a good idea for any business to invest in this insurance to supplement their preexisting liability insurance or other coverages. However, there are only certain businesses that are really applicable for the benefits which errors and omissions insurance provides, some of which include:
- Real estate
- Architects and engineers
- Design and building contractors
If your business specializes in any of these areas, you may be at risk at any given moment. Regardless of how excellently you train your employees and how strict the guidelines you put into place are, businesses working within these niches are always prone to accidents that have the potential to either cause serious injury or to lose clients and associated parties significant amounts of money. Protecting yourself from your own mistakes is a must. Speaking with a professional at a company that offers errors & omissions insurance to businesses across the country is an excellent way to assess your risks and coverage needs before getting started and getting the type of insurance you really need to keep your business financially safe and secure from lawsuits and other threats.