If your organization provides a professional service, a client could hold you responsible for error. Professional Liability Insurance protects you in a lawsuit for an error or for the failure of your work to perform as promised in your contract.
These policies can also cover legal defense costs – no matter how baseless the allegations. It will also pay for any resulting judgments against you, including court costs, up to the policy limit. These policies can also extend to both W-2 employees and 1099 subcontractors, and can be worldwide in scope.
Remember, any company can make a mistake. Professional Liability Insurance allows you to prepare for them. It can also save you from extreme embarrassment, a lost client, or most importantly, a bad reputation.
If your current policy only provides General Liability Coverage, you do not have Professional Liability Coverage!
Not sure if you have Professional Liability coverage? Not sure if you need it?
We can find out. Contact Us today.