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Key Benefits of E&O Insurance

One of the primary benefits of E&O insurance is financial protection. Legal fees and settlements can quickly add up to hundreds of thousands of dollars, a burden that could be devastating for a small practice. E&O insurance covers these costs, ensuring that your business remains solvent in the face of litigation.

Moreover, having E&O insurance can enhance your professional credibility. Clients are more likely to trust accountants who are adequately insured, as it demonstrates a commitment to accountability and responsibility. This trust can translate into more business opportunities, as clients feel secure in the knowledge that they are protected against potential errors.