Why Title Agencies Need E&O Insurance

Attorneys handling property transfer cases have a fiduciary responsibility to the title agent, escrow/closing agent, abstractor, title examiner, or notary public they may be working with. In a transaction involving title transfer, your work is to secure the property and examine the documents to ensure that all parties involved meet their obligations.

What is Professional Indemnity Insurance?

If you are a professional of any type in the Clearwater area, professional indemnity insurance is an absolute necessity. This form of insurance provides protection in the event that a client files a lawsuit against you or your business. This can occur if the client feels your work proved insufficient, whether it is in the form of legal advice that did not work out or the results of a contract you drew up. The bottom line is if you are a professional or a business owner that offers services and/or advice to clients, professional indemnity insurance is absolutely essential.

Why Errors and Omissions Insurance is Necessary for Your Law Firm

Errors and Omissions Insurance (E&O), also referred to as Professional Liability Insurance, provides a safety net for law firms. This insurance policy helps protect the assets of your law firm against claims of inaccurate advice, misrepresentation, and negligence. Basically, an E&O policy will provide a form of financial relief should a costly error or mistake be made.

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