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Why Bookkeepers Need E&O Insurance

In the world of bookkeeping, accuracy is paramount. Even the most diligent professionals are not immune to occasional oversights. E&O insurance covers legal defense costs and settlements if a client claims that a bookkeeping error caused them financial harm. This protection is essential, as legal fees and potential settlements can be financially crippling without adequate coverage. Moreover, having E&O insurance can enhance your credibility with clients, demonstrating your commitment to professional responsibility and client welfare.