Question 1

Is biBERK Insurance Legit?

Accepted Answer

biBERK holds an A- rating from the BBB, and it has been offering services since 2015. The insurance company is extremely reliable and doesn’t believe in overselling and complicating claims.  You can buy seven different types of coverages: Commercial auto insurance General liability insurance Property and liability insurance Umbrella insurance Workers’ compensation insurance Professional liability insurance Cyber insurance

Question 2

How Do I Cancel My biBERK Insurance?

Accepted Answer

To cancel a policy, you will have to give a call at 1-833-291-9699. Keep in mind that you cannot cancel a policy by leaving a voicemail or sending an email.

Question 3

What Does an Errors and Omissions Policy Cover?

Accepted Answer

Errors and omissions insurance, also known as E&O and professional liability insurance, is a type of coverage that protects companies from lawsuits claiming that they have made an error in the provided services.  It covers claims against negligent actions, errors in service provided, misrepresentations, inaccurate advice, violation of good faith, and inadequate work. In addition, the insurance pays for attorney fees, settlement and judgment costs, administrative costs, and courtroom costs.

Question 4

How Does Commercial Auto Insurance Work?

Accepted Answer

Commercial auto insurance is a must-have for companies that run businesses using vehicles for their operations. Commercial auto insurance is a type of coverage that pays for liability damages, collision, and third-party medical costs. The insurance also pays legal expenses if another driver sues you for hurting them physically.

Question 5

What Is Not Covered by Errors and Omissions Insurance?

Accepted Answer

Similar to other types of insurance, errors and omissions insurance has certain exclusions too. The insurance doesn’t cover: Intentional harm caused to the clients  Employee injuries Damage caused to the business property  Illegal activities

Question 6

Do I Really Need Errors and Omissions Insurance?

Accepted Answer

Every business that provides a service for a fee requires errors and omissions insurance. If you fail to deliver the service on time or perform it incorrectly, the effects could cost you a client. If you are a business professional who shares knowledgeable advice and recommendations with customers, you should purchase errors and omissions insurance.  Errors and omissions insurance costs $500 to $1,000 per employee per year. It’s mainly required by business professionals like doctors, attorneys, real estate agents, mechanics, and plumbers; basically, every business professional whose job involves direct contact with customers.

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