Business leaders in Flushing, MI, need commercial insurance that protects them in the event of an unforeseen setback. While general policies address many of the major issues confronting businesses, errors and omissions coverage is sometimes overlooked. At the Vernon Agency, we work diligently with company leaders to ensure they enjoy the full protection they deserve.
Types of E&O Coverage to Consider
In today’s fast-paced digital landscape, technological errors and omissions have become a major challenge. Ranging from devices not meeting standards to hacking incidents, organizations that work in the tech sector would be well-served to consider the following E&O coverages.
- Breach of Contract: When a tech product doesn’t quite sync with its designed intent or a provider cannot meet a project timeline, businesses may be inclined to file a lawsuit. Having E&O coverage could save the company from a debilitating legal case.
- Negligence: Although conscientious service providers and others may not intend to harm a customer’s venture, mistakes happen. An overzealous employee may try to take a misguided approach, or a lapse in information could lead a seasoned professional to perform an unwelcome task. Regardless of why errors occur, it’s essential to have coverage in place.
- Cybersecurity Threats: Hundreds of thousands of businesses sustain data breaches annually. When hackers steal sensitive and confidential information, it’s not unusual for other vendors and others in an outfit’s orbit to be negatively affected. Although you are certainly a victim, other organizations that suffer losses could sue for damages. They typically claim inadequate cybersecurity is a type of error that could have been cured.
Let’s Discuss Commercial Insurance in Flushing, MI
It’s essential for entrepreneurs and industry leaders to consult with a commercial insurance professional to identify gaps in errors and omissions coverage. We encourage business leaders in Flushing, MI, to contact one of our experts at the Vernon Agency today.
