Why Do I Need This?
One of the main purposes of professional liability insurance is to go beyond the general liability insurance by protecting your business from more specific claims that may be made against it. This type of insurance can protect your business from the costs of defending your company in civil lawsuits and certain damages that are awarded.
Professional liability insurance is required for certain professional practices, especially the medical and legal fields. Coverage does not include any criminal prosecution, as well as a range of liabilities unless they are written explicitly into the professional insurance policy. The professionals at Gulf to Atlantic are extremely experienced in figuring out what type of claims should be listed under your professional liability insurance. Any type of service-providing industry that has direct contact with customers should consider acquiring some type of professional liability insurance.
Professional liability insurance not only offers your business protection, but it helps to maintain a good reputation even through legal allegations of potential wrongdoing. Regardless if these types of allegations are false or not, this type of insurance will ensure that adequate funds are readily available for the client which can provide a sense of trust for you and your clients. As for small businesses, it’s important to consider whether or not a lawsuit against your business could result in any type of failure. If it could, professional liability insurance is essential.
Contact us today and speak with one of our experienced representatives to see what type of professional liability insurance your business needs. Gulf to Atlantic Commercial Insurance understands the importance when it comes to protecting you, your business, and your employees.