Professional Liability Insurance (Errors & Omissions)
Professional Liability insurance, also known as Errors and Omissions (E&O) coverage, is designed to protect your business against claims that professional advice or services you provided caused a customer financial harm due to actual or alleged mistakes or a failure to perform a service.
While some line of work such as lawyers, compliance officers or consultants are accustomed to protecting themselves with E&O Insurance (Professional Liability), the insurance policy responsibility to respond will differ now that you are involved with cannabis and CBD/hemp industries.
In the cannabis and CBD/hemp industry in just about every phase and operation type has an exposure to where this type of insurance coverage can respond. If you are giving advice, providing a service to a specific outcome and those results vary you may be held responsible for financial loss caused to the other party. Although you may think it can’t happen far too often this blindspot can be avoided with a conversation with our team. If you have E&O insurance and not sure if it’ll respond because of you dealing with cannabis operations let’s have a talk about it.