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Showing posts with the label errors and omissions insurance

3 Mistakes Startups Make That Hinder Their Growth

In the startup culture that of today that encourages newer ideas and execution, starting a business can be an exciting decision. But then comes the reality: There’s a big difference between starting and growing a business. The latter is much more challenging – and that’s what many entrepreneurs struggle with. In that context, here are three mistakes startups make that hinder their growth:  1. Hiring the wrong people A company will be only as good as the people working there. Sadly, so many startups have a flawed recruitment process. They focus more on the person’s CTC over talent and pros they bring to the table. They focus on the wrong and outdated metrics and factors when hiring someone. Don’t be one of them! Improve your recruitment process. For the starters, hire a reliable recruiter who has experience of working in your industry. And then set your priorities correct as to what kind of person you want to add to your team. In short, spend more time in this department and be more...

4 Questions To Ask Before Buying Errors And Omissions Insurance

If your client doesn’t like your service or advice, they may choose to sue you. So, “whether I need errors and omissions liability insurance or not” is not the right question. Everyone from marketer to an interior designer, web developer to accountants, and doctors to lawyers – they all should ideally have errors and omissions insurance coverage. If you offer professional services or advice, you should opt for the said policy as well. So, it’s not the matter of whether you need it or not; that’s the wrong question. Here are 4 right questions that you should ask instead before buying your errors and omissions liability insurance policy: 1. Which is the right insurance broker I can trust? This isn’t particularly a DIY thing. There’s a lot you need to know and understand before you buy any insurance – and there’s only so much online articles and videos can tell you. You need the right experts by your side who can assist you in the decision-making, including with establishing your risks a...