Should an employee consider their own E&O coverage?
Posted: 8-Feb-2021 10:00pm
Sorry is this is the wrong subforum, but it seemed like the best choice.
I'm a new EA working my first tax job. I'm an employee at a small mom-and-pop firm, but I'm wondering if it would be prudent to purchase my own E&O coverage. I have assets from the sale of a business a few years ago I'm considering in this decision.
I have a basic understand of the concept of vicarious liability and being indemnified by my employer should I be sued, but I assume my employer's insurance serves my employer first. I'm wondering if I should have my own coverage that prioritizes me first.
Is this complete overkill? Coverage seems reasonably priced...
I'm a new EA working my first tax job. I'm an employee at a small mom-and-pop firm, but I'm wondering if it would be prudent to purchase my own E&O coverage. I have assets from the sale of a business a few years ago I'm considering in this decision.
I have a basic understand of the concept of vicarious liability and being indemnified by my employer should I be sued, but I assume my employer's insurance serves my employer first. I'm wondering if I should have my own coverage that prioritizes me first.
Is this complete overkill? Coverage seems reasonably priced...