If you’re served with this type of lawsuit, your professional liability insurance policy will cover legal defense costs up to your policy limit. The strongest providers balance affordability, customer experience and coverage options in a way that holds up for most small professional service businesses over time. Her industry experience allows her to add value beyond writing and help clients at a more strategic level with their content. Take the time to learn more about the coverage and make an informed decision on whether it’s right for your business. When you’re ready to shop for professional liability insurance, watch for red flags before you purchase a policy.
With professional liability insurance, you’ll be protected from the costly claims resulting from this lawsuit including settlements and legal fees. Professional liability insurance can help cover your defense costs if a client sues you for mistakes in the professional services you provided them. If thunder empire your business offers professional services and you don’t have professional liability coverage, you can be held liable if a customer believes you made a mistake. General liability and professional liability insurance both protect against common small business liability claims, but they cover different types of lawsuits. You will sometimes see professional liability insurance called errors and omissions insurance (E&O), even though the policies are identical except for the name.
Backed by more than 200 years of experience, we can help protect you with professional liability insurance for small business. You can work with our specialists to get the right amount of errors and omissions (E&O) insurance coverage for your business. Learn more about who needs professional liability insurance today. While both cover liability claims, professional liability insurance and general liability insurance protect against different types of risks.