Chapter 1: Malpractice Lawsuits: The Basics
Part 5: How and Why to Prevent Errors and Omissions Lawsuits
As a small-business owner, you are no stranger to high demands. You single-handedly built your business from the ground up. Chances are, you're willing to do what it takes to keep your clients happy.
But what if there was nothing you could do to make a client satisfied with your services? What if you flawlessly handled their taxes, defended them in court, or treated their ailment and they still sued you?
As we've mentioned, your business can be sued when you've done nothing wrong. Most of the time, Errors and Omissions lawsuits come down to how your client perceives the worth of your services.
If you think you won't ever be sued, know that 34 percent of small-business owners have been sued at some point in the last decade.
34% of small-business owners have been sued in the last 10 years.
Next: Part 6: How to Dodge a Potential Professional Liability Lawsuit: 7 Tips