Professional Liability Overview
Professionals who operate their own businesses need professional liability insurance in addition to their in-home business or business owners’ policy. It’s important to protect your business against liability from lawsuits and damages. There are many types of industry-specific professional liability policies depending on your type of business. A professional liability insurance policy from Phil Richard can prepare you and your company in the event that you are subjected to a professional liability claim.
Professional Liability Key Facts
- Professionals who provide services or advice are at risk if they fail to perform the services for which they were hired, or to meet the standards of conduct expected in their particular industry.
- When liability is limited to acts of negligence, professional liability insurance may be called, “errors and omissions” liability.
- Professional liability is a specialty coverage not provided under homeowners’ endorsements, in-home business policies or business owners’ policies.
Don’t wait! Consider the risks inherent in your profession and consult with an insurance agency that knows how to navigate all types of professional liability coverage. Email: firstname.lastname@example.org or call us at 978-774-4338.