Professional liability insurance protects professional personnel against negligence claims made by patients or clients. This insurance is appropriate for a variety of professionals, including:
- Financial Advisors
- Home Inspectors
- Insurance Agents
- Real Estate Brokers
- Tech Consultants
Why General Liability Isn’t Always Enough Coverage
General liability insurance corresponds to bodily injury, property damage, personal injury or an advertising injury claim. Because professionals in the above categories can cause claims without bodily, property or personal injury, additional coverage offered through professional liability coverage is required.
Claims made under this policy include, negligence, misrepresentation, violation of good faith and fair dealing, and inaccurate advice. If a customer feels the service they received did not meet promised objectives resulting in a financial loss for them, the policy coverage would be triggered.
Why get Professional Liability insurance?
You worked hard building your business, so why risk losing it all? Professional Liability insurance can provide the financial resources to cover claims from unhappy customers that are not covered by your other insurance policies.