Risks are an inherent part of any business. It does not matter how big your company is or what industry you operate in; you never know when potential liabilities from unsatisfactory professional advice or products and services that were not up to standards will arise.
When you hire professionals for their services and expertise, they expect you to perform at a certain degree of skill and uphold the standards of conduct of your profession. If you fall short and cause any harm to another person, business, or property due to acts of negligence, you may be held responsible in a court of law.
As that professional operating your own business, you need additional insurance to safeguard your interests against financial harm in case of any mistakes, or failure to deliver professional services as expected.
Often, general liability policies are not enough as they only cover claims for property damage and bodily injuries. Especially if you’re in the medical, legal, construction, and real estate industries, you need professional liability insurance coverage because oversights happen and out-of-the-blue complaints from unsatisfied clients can take place anytime.
Here at Bennett and Porter, we understand that running your own business is a gamble. We can set up a professional liability insurance to protect your business from financial losses in case of claims and lawsuits arising out of malpractice or errors and omissions, even if the legal action is proven groundless.
If you’d like to know more about our professional liability insurance services, don’t hesitate to give us a call. Our team of Bennett and Porter insurance advisors would be more than happy to assist you with your inquiries.