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A single negligent breach can close your business forever, because liability insurance will not cover professional negligence.
The devastating effects of non-compliance with regulatory and non-regulatory requirements have the ability to bankrupt a company. Take a moment and read through the following example at the right to better understand these risks. [click to enlarge]
The bottom line is negligent behavior will not be covered by your insurer in the event you are taken to court. Not following industry-recognized best practices or failing to meet ALL compliance requirements is negligent behavior.
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