Darq Life Blog Site

There are no perfect individuals in this world. Everybody makes mistakes even with the best employees and the best risk management practices in place, mistakes will be made.Lawsuits aren’t just about negligence; they are about allegations of negligence. We live in a litigious environment where any professional can be sued. Many innocent parties are brought into a suit simply because they are part of a transaction.In other words, the alleged error or omission does not have to be your error or omission. Defending the reputation of your business, whether the allegation is frivolous or not can still result in lost productivity and legal costs exceeding hundreds of thousands of dollars. That is why Errors and Omissions Insurance are in place.Errors and Omissions Insurance protects real estate dealers from any legal expenses incurred in their defense from cases filed by unhappy clients. The basic concept is that errors and omissions insurance will save the insured from financial costs.