Everyone Makes Mistakes
Mistakes happen, but sometimes they put your business at risk. Errors & Omission insurance can help protect you against human error when it comes to any sort of accounting, accidental mishandling of money or finances, and more. In the same vein, Customized Insurance Brokers can also assist with Cyber Liability insurance, which offers protection for when your data is compromised, and medical malpractice, which specifically targets workplace accidents in healthcare professions.
What kinds of businesses need E&O?
-
Accounting Firms
-
Wealth Managers
-
Private Medical Practice
-
Law Firm
-
Wedding Planner
​
These are common examples, but E&O covers many more situations including discrimination lawsuits, pollution complaints, and more. Let CIB help evaluate your situation today!
Start Your Quote
Customized Insurance Brokers has decades of experience providing insurance coverage to every type of business. Tell us about your business and we will find the perfect combination of coverage for your needs.
Or call us at 770-755-1775
General Liability covers common risks that arise from individuals, companies, and clients that are not associated with your company. It protects against customer property damage as well as injuries. For example, if a person slips and falls in your establishment, general liability will cover that persons medical bills, loss wages, pain & suffering, etc. General Liability has several layers to it so there is also coverage for copyright infringement, advertising injuries, as well as slander.
While General Liability Coverage is not required, it is highly encouraged. Policies can start as low as $5 per month based on the business type. Additionally, many vendors and companies will require you to have general liability insurance before they do business with you. In some professions, in order for you to obtain a professional license, they will require proof of general liability insurance.
That will depend solely on the type of business you are running as well as its size. Many small business start at $1 million per occurrence with an aggregate of $2 million. A standard general liability policy can go up to $2 million per occurrence with a $4 million aggregate. If additional coverage is needed, a commercial lines umbrella can be purchased with limits that exceed $10 million.
The cost for a general liability policy varies. Depending on the business, they can be as low as $5 per month or exceed $5,000 per year. There are many variables to consider such as the type of business, specializations, time in business, gross receipts as well as the claims history.
Cyber Liability Insurance
In the age of big data, many businesses have a database of sensitive client information. This information can be crucial for running your business if you need that client data for marketing, analytics, or even daily operations (such as wealth management), but having this data puts you at risk. Cyber attacks have only increased over time, and small businesses are at the highest risk. If your data is compromised, the cost of restoring the data, your hardware, and notifying clients can be incredibly costly and even bankrupt you. ​
​
If you store client data in any form, today is the day to talk to an insurance agent about a Cyber Liability policy. Don't wait until your data is stolen -- protect yourself now!
Or call us at 770-755-1775
