In my decade of being in this business, I have been asked by several companies regarding the type and measure of insurance I carried. Like most people that start in this business, money is very tight and sometimes things go by the wayside including insurance. But what most consumers don’t understand in today’s market, the insurance policy they need their vendor to have is sometimes not reflected in the low price quoted. Consumers need a records management business to have errors and omissions insurance for obvious reasons. E&O as it is commonly called, is a must when you are dealing with sensitive information. E&O provides protection similar to malpractice insurance – if we make a mistake, such as fraud, you are covered. Let’s face it we are human… we all make mistakes and for companies that truly take it seriously, they do their due diligence and carry the right insurance. ADS is proud to say that we carry Errors & Omissions insurance because we do want to stand out of the crowd!
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