One of the best protections you can have for your business is to get an insurance. If you have an IT business, you can avail of the errors and omission insurance. This kind of insurance protects you IT company from any professional liability risks, errors, unexpected failures, software crashes and lawsuits from multinational hardware producer. If you have this kind of insurance, it will help you save a lot of money by avoiding high cost of legal defense in court and many other things.