BOBVILA.COM – At a cost of $61 per month, or $735 per year, errors and omissions insurance is an affordable type of business insurance coverage that can prevent financial losses in the thousands—or even millions—of dollars.
Business ownership can be rewarding and lucrative—but it can also be expensive. There are many different costs involved in running a business, from purchasing equipment to hiring employees. One expense that isn’t always top of mind is insurance coverage—and the more insurance coverage a business has, the higher the cost. But operating without business insurance can leave an entrepreneur scrambling to cover legal fees if they are sued by a client for a mistake or omission in the service they provide. That’s where errors and omissions (E&O) insurance, or professional liability insurance, comes in. This type of insurance can cover legal and court costs, settlements, damages, and other expenses related to oversights, missed deadlines, negligence, or breach of contract.
As a senior vice president at Cookerly, Matt helps organizations protect and advance their reputations and bottom lines through strategic communications programs. Using creativity, planning and flawless execution, he works with a team to deliver compelling public relations campaigns that produce results and support clients’ business objectives.
As senior vice president at Cookerly, Mike Rieman specializes in building and maintaining relationships with the media and has an excellent track record of landing significant placements in print and broadcast media including USA Today, Wall Street Journal, Bloomberg and Money Magazine.
As vice president of Cookerly, Sheryl Sellaway uses her extensive corporate communications background to lead consumer PR efforts, deliver strategy for marketing programs and share expertise about community initiatives.
