When a client claims that you have made a mistake in either the product or the service you provide, this insurance can help. Errors & Omissions insurance will cover the attorney and court fees when a client accuses the service you offer as being inadequate, unprofessional, or incomplete.
When a cybercrime happens, Cyber Liability insurance helps to keep your business afloat and mitigate risk exposure by paying for the costs involved when a data breach or other cyber-related security breach happens to your business. The policy will pay for the notification costs, credit monitoring, investigation costs, and other related costs due to a cyber-related crime.
Crime doesn't pay. That's why you need Crime Insurance, as it covers the loss of money due to employee theft, fraud, forgery and other related crimes, the losses and destruction of the property due to a crime, computer fraud, and other business-related crimes.
This insurance is a must-have for your business as it covers the common lawsuits that could happen to your business. This insurance will cover the lawsuits associated with third-party personal injury, third-party bodily injuries, advertising mistakes, third-party property damage, and other related lawsuits.
Establishments in this industry provide alternative forms of credit and financial services including real estate as collateral, home equity credit lending, collateralized goods, special purpose investment vehicles, investment clubs, mineral royalties, pawnshops, unsecured cash loans, and credit card issuing. Companies can include those whose services are in real estate, sales, and consumer lending.
Your business needs insurance to protect against the many risks that you may encounter. This makes sure that you can survive a lawsuit when it happens, pay medical expenses as needed, as well as any other incidents and the related costs that arise. Insurance can cover all these and offer a peace of mind knowing that you won't go bankrupt when a lawsuit or other large expense happens.
Here are some potential risks that financial services may face:
The cost of insurance for other financial services is calculated by the size of your business, the number of employees you have and the coverage required. To find out the cost of your insurance fast, simply apply online to get a free quote in less than five minutes.
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