Professionals that operate their own businesses need professional liability insurance in addition to an in-home business or Business Owner's policy. This protects them against financial losses from lawsuits filed against them by their clients.
Professionals are expected to have extensive technical knowledge or training in their particular area of expertise. They are also expected to perform the services for which they were hired, according to the standards of conduct in their profession. If they fail to use the degree of skill expected of them, they can be held responsible in a court of law for any harm they cause to another person or business. When liability is limited to acts of negligence, professional liability insurance may be called "errors and omissions" liability.
Professional liability insurance is a specialty coverage. Professional liability coverage is not provided under homeowners endorsements, in-home business policies or Business Owner's policies (BOPs).
Professional liability insurance coverage gives your business protection from the risks you face in delivering your professional services.
You should consider professional liability insurance coverage if your business:
Professionals that should consider professional liability are:
Professional liability insurance protects small businesses by covering the costs of client lawsuits claiming substandard work. A client may claim your negligence caused them financial harm. And a client that thinks you cost them money may take legal action in hopes of recovering their losses.
Professional liability can cover the costs of lawsuits over:
Successfully defending yourself in court can be expensive. Professional liability insurance will cover those costs and help ensure your business stays afloat.
All Risk Insurance Solution, Inc. brokers can get the best quote out there because we represent you. You are the one that needs insurance. We work with 40+ insurance carriers. That means we can find the best quote with the best coverages at the best rate. Agents at exclusive agent companies like State Farm, Farmers, Allstate, or American Family work with one carrier and that is it. Even we can get you an Allstate Insurance Quote. They give you one opinion that is biased. We find out what YOU need and find it for you at no extra cost.
We love our customers, so feel free to visit during normal business hours. Please attach your current policy, if you have one. When we do the quote, we can give you proof of prior insurance.
223 South Water Street, Henderson, Nevada 89015, United States
09:00 am – 05:00 pm
Saturday: 9 am - 12 pm -- We work out of the house(702) 541-0882 rings on our desk phone and our cell phone. We want to be available for you.