What kind of professionals need this coverage?
If you’re an individual or organization that provides advice, consultations, or professional services to clients, you could benefit from having Professional Liability insurance. Examples may include lawyers, medical professionals, accountants, financial planners, to name a few!
Professional Liability vs. General Liability?
Professional liability protects you against losses from negligent claims related to a mistake made by your business during your delivery of professional services, such as offering what’s perceived to be bad advice. General liability protects your business against claims for bodily injury or personal injuries, advertising liability, as well as property damage to third parties that arise from your operations or products, or that occur on your business premises.
What is a claims-made policy?
A claims-made policy is a type of 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 allows for protection against risks resulting from your past services under your current insurance policy, so long as your keep your policy in force.
Questions? Let us help you.
Speak with a broker to learn more about professional liability insurance.613-526-1184