Professional liability insurance protects you when you do one thing you shouldn’t have, or didn’t do something you need to have. Sometimes known as errors and omissions (E&O) protection, skilled legal responsibility insurance protects in opposition to claims that you just caused harm or injury during the course of performing your work. It also protects you in opposition to mistakes made by your staff or by subcontractors whom you rent.

They additionally provide specialty business insurance merchandise like Employment Practices legal responsibility insurance to guard your business from being sued by a disgruntled worker. They may not be able to supply a bespoke coverage that some specialty business insurers can provide, but they can present the policies that small businesses need. These embrace commercial general liability insurance and commercial auto protection.

Property insurance pays for the physical damage to business premises during such events. For small firms, a business interruption … Read More

Integrity in accounting practices is one other example of a business ethic. Always being fair with pricing and clear on costs showcases good business ethics. Those who’re looking at numbers solely without considering the client isn’t thought of an moral business.

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While there are requirements, corresponding to honesty, that many really feel companies ought to uphold, these theories may make clear the motivations behind businesses not always conducting themselves in a fashion interesting to most of the people. The Lam Family Lam Family College of Business is among the few business colleges that require all graduate and undergraduate business students to take a Business & Society course—and has for the past 25 years. Held in late fall, Business Ethics Week brings in business and trade experts on topics on the intersection of business ethics, social justice, the environment and innovation. This course explores the theoretical foundations and purposes of … Read More