Who needs professional liability insurance?
- Financial consultants
- Realtors and real estate agents
- Technology professionals
What kind of professionals need Professional Liability coverage?
Suppose you’re an individual or organization that provides advice, consultations, or professional services to your clients. In that case, you could benefit from having Professional Liability insurance. Examples may include lawyers, medical professionals, accountants, and financial planners, to name a few.
What is the difference between Professional Liability Insurance and General Liability Insurance?
Professional liability insurance protects you against losses from negligence claims related to a mistake you made delivering professional services or what’s perceived to be bad advice. General liability insurance protects your business against claims for bodily or personal injuries, advertising liability, or property damage to third parties caused by your operations or products or on your business premises.
What is a claims-made policy?
A claims-made policy is a professional liability insurance policy that responds to claims as they’re reported, regardless of when the claim occurred. This can be advantageous for professionals as it protects against risks resulting from your past services under your current insurance policy, so long as you keep your policy in force.
Questions? Let us help you.
Speak with a broker to learn more about professional liability insurance.613-526-1184