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Errors and Omissions Insurance (Professional Liability Insurance)
Dissatisfied Customer: A business client purchases liability insurance from you, but it does not include terrorism coverage. There is an incident near the client's building that causes him to have to close for several weeks during the busiest season of the year. He sues you for the lost revenue because you did not recommend the purchase of terrorism coverage. Your professional liability policy may cover your costs to defend yourself, as well as any settlement or judgment, up to policy limits. Click on the following link to get the best rates on E&O insurance.
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