What to know
It can be confusing when the two major types of business policies are presented: General Liability and Professional Liability. To put simply, general liability covers physical injury to people or damage to property while professional liability protects against negligence related to business services or consulting advice. Professional liability covers lawyer fees, court costs, and settlements when faced with a lawsuit from an unhappy client. The client might claim the business erred in their promises or omitted key facets of their process, which is why professional liability is often referred to as Errors and Omissions Insurance (E&O). Specific examples of a claim would be:
Attorney allegedly misrepresented client.
Doctor failed to properly diagnose a patient's cancer.
Massage therapist allegedly caused tissue damage resulting from the massage.
Real estate agent failed to disclose a home's defects.
General contractor failed to finish construction on time.
Protect your business and get professional liability insurance today.
For businesses offering services or advice, professional liability insurance is a must. In today's modern where the prevalence to sue continues to grow, we highly recommend the following professionals get E&O insurance:
Accountants
Attorneys
Contractors
Counselors
Dentists
Doctors
Engineers
Marketing Agencies
Personal Trainers
Photographers
Real Estate Agents
Professional liability will ensure your business can still thrive in the face of a potential lawsuit stemming from allegations of bad advice, misrepresentation, copywright infringement, and others.
Don't take chances with your business's reputation and financial stability, protect it with comprehensive professional liability insurance from Alpha Direct Agency. Trust us to provide the coverage you need at a price that fits your budget. Contact us today to learn more and get a quote.