AE Blog - Engineering Professional Liability and Murphy’s Law
Murphy’s Law dictates that anything that can go wrong will inevitably do so. While this may be a somewhat dire perspective, it certainly seems that the less we prepare for things, the more likely they are to go awry. Professional liability, or errors and omissions insurance, is a prime example.
As with most insurance coverages – it’s much better to have it and not need it than the other way around. Though any kind of insurance is a cost than can increase your bottom line, the moment that litigation begins can spell the beginning of the end for a firm or individual who is unprotected. Liability suits can prove long and costly. Preparing for the unexpected is imperative in a profession with as much potential for liability as engineering. To learn more about why these coverages are so crucial and what best suits your firm, click here.