Re: What does it mean to be a "licenesed" videographer?


Henry Padilla wrote:
> huge snip <
> Umm, yeah. I didn't think about E&O. How could I forget E&O. E&O is very
> important in this line of to help.. umm... keep things covered... real
> good....
>
>
> (what's E&O?)
>
> Tom P.


I wondered about that too Tom so I Googled.
Makes me glad I'm not a freelancer :-)

E&O = Errors & Omissions
>>From http://sb.thehartford.com/learn_insurance/errors.asp :

Why You Need Errors & Omissions Insurance
Regardless of what kind of business you own, customers can claim that
something you did on their behalf was done incorrectly, and that this
error cost them money or caused them harm in some way.

What Errors & Omissions Insurance Is
In the litigious world we live in today, many business owners protect
themselves with errors and omissions insurance (E&O). This type of
insurance may be appropriate for anyone who gives advice, makes
educated recommendations, designs solutions or represents the needs of
others, such as teachers, consultants, software developers, ad
copywriters, Web page designers, placement services, telecommunication
carriers or inspectors.

How Errors & Omissions Insurance Works
Although formalizing a contract with your clients can help limit your
liability, the big expense in an errors and omissions claim is the
legal defense needed to prove liability or innocence. Errors &
Omissions policies are designed to cover many of these defense costs
and ultimately the final judgment if the business owner does not win
the case.


Mike

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