Protecting your business is important. If you’re a consultant, a travel agent or an event planner, there’s going to be some sort of risk or liability involved. Your customers can sue you for errors and omissions. Things get even scarier for professionals who deal with finances and confidentiality: mortgage lenders, accountants, insurance agents, etc. Really, this type of insurance is necessary for almost any professional contractor. Any error or negligent act made by you or someone representing you can result many unwanted consequences.