As a busy professional, you are trusted for your expertise everyday. In fact, your expert opinions and advice are what customers pay you for. Are you protected from the consequences of claims that arise from that advice? Professional liability insurance is the only way for your practice to mitigate the costs and legal expenses coming from claims of negligence from your customers. In different professions, it may be known as malpractice insurance or errors and omissions insurance but at the core the concept is the same: to protect you in case of negligence lawsuits from your clients.
Negligence lawsuits focus on the failure to perform based on expectations or a contract, alleged misrepresentation, and other claims. They claim financial loss for the client based on your alleged actions. Worried about the costs?