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Benefits of E&O Insurance for Architects and Engineers
One of the primary benefits of E&O insurance is the peace of mind it offers. Knowing that your business is protected allows you to focus on delivering quality work without the constant worry of potential litigation. Additionally, having E&O insurance can enhance your professional reputation, making you a more attractive choice for clients who value risk management.
Financially, E&O insurance can be a lifesaver. Legal fees and settlements can quickly add up to hundreds of thousands of dollars, potentially bankrupting a small firm. With E&O coverage, these costs are typically covered, allowing your business to continue operating smoothly even in the face of a lawsuit.