Error & Omissions Insurance (Part 1)
October 10th, 2010 by Sherill
www.hendersonbrothers.com
As a freelancer who gives professional advise to clients, and they rely on that advice to provide IT solution services or make business decisions – you are in effect making a promise to them that your work will be free of errors. If you do make an omission or error in the work that you do for them, it will cost them dearly, both in reputation and cash. If that happens, you will have a direct financial responsibility to make it right to your clients. These days, more and more client companies will only contract with consultants who can provide a proof that they carry Errors & Omissions Insurance or professional liability insurance.
Posted in Important Information