Building an attractive benefits package is a great way for small businesses to attract and retain high-level talent. Health insurance, in particular, is often one of the most important benefits that job seekers look for.
Lawsuits can cost businesses hundreds of thousands, or in some cases, millions of dollars. To protect themselves against lawsuits made by employees, businesses need employment practices liability insurance (EPLI).
Business liability insurance protects companies and professionals against common risks like property damage and bodily injury, but it may not cover you if you are held liable for other types of damages due to negligence or inadequate services.
But what is errors & omissions (E&O) insurance and why do businesses need it?