If you are a trade contractor, you are likely an expert in your field. Despite your expertise, some customers are quick to allege negligence after a job has been completed. Considering the rising costs of materials, labor costs, and slim profit margins contractors face today, having coverage for errors and omissions has never been more important.
Cyber insurance is confusing and becoming more difficult to secure. Insurance companies are gathering loss experience and adjusting underwriting and pricing accordingly. A cyber-attack is one of the most debilitating events that can occur to your business. It can cause anywhere from an inconvenience to a complete shutdown of your operations.