Building a web design business from the ground up is indeed an accomplishment. But is it enough to ascertain the success and financial soundness of the enterprise? Without a professional liability insurance plan from an authorized and trustworthy Arizona based insurer, a web design business is not fully protected from all possible dangers it is exposed to.
A web design business is something many pursue nowadays as the Internet grows stronger as the largest marketplace worldwide. Yet as lucrative as it is, one must assume full responsibilities of their enterprise, which includes securing a good Arizona professional liability insurance policy. Fortunately in Arizona, insurers for this type of product flock in numerous amount. Nevertheless, utmost caution and patience will have to be exercised in order to get the best coverage with the lowest possible rates.
It starts with knowing and understanding what business general liability insurance includes, since damages suffered by business clients may not always be categorized under bodily injury or property damage liability. In the event where the web designer commits wrongful acts, a professional liability policy or an errors and omissions insurance policy should be purchased to respond to claims, depending on the carrier. Almost always excluded under E&O policies are damages because of bodily injury, personal injury, advertising injury, and property damage. These types of damages are intended to be covered by a commercial general liability policy. E&O is intended to cover damages for errors in business judgment not resulting in property damage.
Errors and omissions coverage is not to be confused with professional liability coverage even though it frequently is. At one time, professional liability insurance was a term used for professional persons having specialized skills such as lawyers and physicians who require broad coverage for their acts, errors or omissions. However, many professional liability policies are in actuality errors and omissions policies covering the mistakes made in business judgment that cause harm to others.
If the insurance applicant works in an industry where professional standards of care are implemented, they will most likely require some form of professional or errors & omissions insurance. Various coverage features are accessible for various forms of professional policies including coverage for medical malpractice.
Guest Blog Published By:
PJO Insurance Brokerage
By Patrick O’ Neill
4103 E. Prickly Pear Trail
Phoenix, Arizona 85050
Office: 480-248-7495
Fax: 480-248-7493
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