Why Do I Need Professional Liability Insurance?

All professionals should carry some form of professional liability coverage. It protects you from any losses and potentially damaging lawsuits. Many professionals are placed at a great risk of being the focus of lawsuits, such as in claims of negligence or errors. Some individuals may choose to initiate lawsuits frivolously, simply because they are unsatisfied with their services or the outcome of the work performed.

To protect yourself from lawsuit, however frivolous it may be, Insurance Specialists, Inc. recommends carrying some form of professional liability insurance.

Understanding Professional Liability Lawsuits

Many times, in professional liability lawsuits, the clients might accuse the company or contractor that they did not follow through with their professional obligations. Other times, they may allege that the company or contractor failed to disclose some critical information prior to performing the work. Errors and omissions insurance (E & O) can be used to cover in cases involving this.

Professional liability provides protection in case of the following:

  • Negligence or errors that your company made
  • Providing legal defense in the event of a lawsuit
  • Providing incomplete or poor quality services
  • Failing to adhere to any agreements made in the contract
  • Compensation for any work that had been previously performed

Insurance Specialists, Inc. offers a variety of solutions to help protect professionals and offer coverage for cases of liability.

We offer the following:

  • Accountants Professional Liability
  • Lawyers Professional Liability

Professionals are expected to have specialized knowledge and expertise in their career. Therefore, they are also expected to provide those services to clients and customers based on the premise that the work will be performed as expected.

The lawsuits stemming from these cases can be some of the largest expenses for a business owner. Not all customers are created equal; some will find any reason to find a problem with the services provided and try to regain whatever losses they believe they suffered.

Professional liability insurance coverage gives you peace of mind that in the event that this does happen, you will not have to handle your legal costs, whether or not the claim is valid or not.

Get to Know Your Options—Call Us!

If you would like to learn more about our professional liability coverage options and what policy is available to you, feel free to give Insurance Specialists, Inc. a call at (888) 451-0888. We have over 50 years of experience, and our team is friendly, accessible, and ready to help you.

Get in touch with us today to make an appointment.