Why do I need Professional Liability or Errors & Omissions insurance?
If your business offers any type of professional services, you should consider professional liability or errors & omissions insurance. It is often misunderstood that commercial general liability covers faulty workmanship and professional errors. However, it only covers bodily injury and property damage arising from negligent acts.
Is my employee covered by my commercial auto insurance policy when he uses his own vehicle on the job?
No. If you have an employee that is using their own personal vehicle to run business errands or attend meetings, you should consider adding an endorsement to your policy to provide coverage for this type of activity.
Will my homeowners insurance cover my home-based business?
It depends on your business and your homeowners policy. Most home-based businesses are underinsured because they rely on their homeowners insurance to cover their business activities. In some cases you may receive a small amount of coverage, but it usually does not provide enough coverage. We recommend meeting with a licensed agent to review your homeowners policy and business activities to see if an endorsement can be added to your homeowners policy or if you should consider a Business Owners Package (BOP) policy.