Errors and omissions insurance also known as professional liability coverage. This insurance is designed to protect your customers from harm that is caused by professional mistakes you make.
As a Florist, your customers expect you to provide them with guidance and advice about the plants and flowers they purchase from you. If you fail to inform them about potential danger or harm, they can sue your company for the damages caused.
For example, let’s say you sell an Oleander plant to a customer. You forget to tell the customer that the plant is poisonous to pets. Your customer raises award winning chows, and one of them chews on the plant and dies. That customer could sue you for neglecting to warn them that the plant is dangerous to animals.
Since you are a professional florist, your customers assume you have much more knowledge about plants and flowers than they do. Because of this, they trust you to keep them, their pets, their loved ones and their household environment safe. If you neglect to mention particular problems with plants or flowers you sell, your clients can suffer from harm or loss due to those omissions.
The same concept applies to professional errors. If you make a mistake in floral deliveries and end up sending black roses to a wedding and wedding bouquets to a birthday party, your customers will be very unhappy with the mix up. If the wedding customer feels that you have ruined their special day, they may sue you for damages or pain and suffering.
When clients sue you for mistakes and omissions of this sort, it can become very expensive. In some cases the cost of legal defense and settlements may bankrupt your company. Purchasing errors and omissions insurance coverage can protect you from severe financial losses that might arise when mistakes like this are made.
Our carriers are expert in this industry at providing comprehensive coverage at affordable pricing, and offer flexible payment options. Let us protect your business and save you money!