Just started my practice here in Jackson. Working mostly small commercial accounts with Entergy Mississippi. Do I really need E&O insurance right away or can I wait until I'm handling bigger accounts?
New auditor - do I need E&O from day one?
Get it now. Even small mistakes can turn into big problems. A $500 error on a restaurant's bill can cost you thousands in legal fees if they decide to sue.
Agree with Mike. I've seen $2K disputed charges turn into $15K legal battles. Insurance is cheaper than one lawsuit, even if you win.
Start with $500K coverage if budget is tight. Better than nothing and you can increase it as your practice grows. Aviva has good entry-level policies for about $800/year.