Professional Liability Insurance is also known as Errors & Omissions or Indemnity Insurance. This coverage provides your business protection from the risks you face in delivering professional services. Every day customers sue businesses that offer services because they think they did not meet their expectations.
What does Professional Liability Insurance protect against?
It protects you in case of a pending legal matter by covering defense costs as well as any settlement or judgment against you.
Why do you need Professional Liability Insurance?
Professional Liability Insurance protects you and your business from the risks in delivering professional services. It may also be a requirement to work for a client on a contract basis.