COMMUNITY

Errors & omissions insurance provides coverage for people who give advice, make educated recommendations, design solutions or represent the needs of others. “E&O” is also referred to as professional liability or malpractice insurance. This type of liability insurance would cover you and your employees in the event someone claims you incorrectly performed or failed to perform your professional duties.

Cyber insurance is a type of policy that covers businesses and individuals against internet-based liability and risks. Basically, it protects you against fees and lawsuits and minimizes impact on business operations should a cyber-attack occur. There are two types of coverage: first-party and third-party. First-party covers direct losses to a business or individual; third-party coverage extends to claims by customers.