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The Importance of E&O Insurance in 3PL Operations
In the fast-paced world of logistics, 3PL providers face numerous risks, from misrouting shipments to failing to meet delivery deadlines. These errors can result in lost revenue, legal fees, and damage to business reputations. E&O insurance offers a safety net, covering legal costs and settlements, which can be substantial. By having this coverage, 3PL warehouses can focus on core operations without the looming threat of financial ruin due to potential errors.