Mistakes Happen…Don’t Let One Ruin Your Business

headachePicture this: A successful consultant practicing for more than 20 years has never had any type of claim. She says she has never even received a complaint from a customer. The consultant takes pride in the fact that she NEVER makes mistakes and has back-ups and checklists in place to make sure all bases are covered.

Then one day, it happens. The consultant makes a simple mistake that costs one of her favorite clients a significant amount of money. The client files a negligence lawsuit. As much as the consultant tries to rectify the situation, the client insists on taking her to court. Then, things REALLY get ugly.

Word of the error gets out to some of the consultant’s other clients. As a result, she now has to deal with the potential loss of future business opportunities in addition to the added stress of trying to figure out how to fight the suit. The consultant’s business is now at a stand-still.

What is missing from this example? A Specified Professions Errors & Omissions policy is missing and could make all the difference. Because we can tailor this policy to meet the needs of well over 100 different types of professionals, including management consultants, marketing consultants, claims adjusters, tax preparers, notaries, coaching services, landscape architects and many more, we can meet the demands of your diverse book of professionals.

Sadly, a scenario where a “mistake” is involved happens all too often to professionals. Even a PERCEIVED error can trigger a lawsuit. Additionally, a client’s attorney may even name everyone remotely connected to a financial loss, putting additional professionals at risk.

The cost to defend and settle an errors and omissions suit can be in the thousands of dollars and take up countless hours of valuable time. The fear of a “mistake” situation is so common that many clients will not hire a professional unless he or she carries an errors and omissions policy.

We can help you!  USLI has an Errors and Omissions policy for Specified Professions, and we offer competitive rates, deductibles as low as $0, defense costs in addition to the limit of liability, unparalleled turnaround time on quotes.  More importantly, we offer unrivaled claims service in the event that an unfortunate situation arises.

Please contact me to find out more information.  I would be happy to get you a free quote!

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