Your English writing platform
Discover LudwigSuggestions(5)
Exact(19)
Mr. Lifson carries fire and theft insurance; other auctioneers, like Mr. LeClair, carry "errors and omissions" insurance that covers the kind of appraisal mistakes that could cost a consigner big money.
He also pointed out that many names were unable to pay their debts because they had been unable to recoup losses from firms that advised them or from the "errors and omissions" insurance scheme operated by Lloyd's to cover losses incurred by members.
The nmlcomplaints.com site has a vast library of litigation, as well as a note that Northwestern agents will pay an additional 11% this year for errors and omissions insurance, because of the cost of settling several large claims (Northwestern says the real number is 9%, including the cost of successful defences).
Whether incorporated or not, if you're an architect, engineer or one of dozens of other professionals, you really should buy errors and omissions insurance.
Since even a capable individual trustee can make a mistake, it is important that they give serious consideration to carrying appropriate insurance, commonly called errors and omissions insurance, covering his or her work as an individual trustee.
Now, it's a matter of dealing with contracts, taking care of contracts that should have been signed a ways back, wrapping my head around errors and omissions insurance (which all indie filmmakers should know about in preproduction), creating key art, and more.
Similar(41)
Known as malpractice, or errors-and-omissions, insurance, professional liability contracts are distinguished from general business liability policies because of the specialized nature of the liability.
Many money managers may find a "Madoff exclusion" in their errors and omission insurance, which generally covers them from a professional mistake.
That's why errors and omission insurance is a good idea even though it can cost thousands.
If you are consulting or providing expert advice, you may need to purchase errors and omission insurance.
Its products include include directors and officers liability insurance, errors and omissions liability insurance, employment practices liability insurance, fiduciary liability insurance and commercial and financial fidelity insurance.
More suggestions(1)
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com