Professional Liability

Don’t forget to talk about Professional Liability Insurance when you talk to your insurance agent about your business. This type of insurance is usually included in most overarching business insurance plans, but we want to make sure that you understand it’s importance.

Professional Liability Insurance, or Errors and Omissions Insurance, protects businesses who gives professional advice or services to their clients. It can provide you legal support against negligence claims or unperformed work and court costs that are not covered by general business insurance.

Here are some examples of businesses that will particularly benefit from having Professional Liability Insurance:

  • Cleaning services
  • Therapists
  • Sports instructors
  • Financial advisors
  • Children’s services
  • Caterers

Not every Professional Liability Insurance plan is created equal. However, here is what most plans will protect you from:

  • Alleged or actual negligence
  • Expensive court costs
  • Personal injury
  • Copyright infringement

Remember to ask your insurance company what is actually covered under your plan. The professionals here at SOGO believe that it is better to be prepared for the unexpected. In light of that, here are a few things that you should ask your insurance company when you purchase Professional Liability Insurance:

  • How much coverage am I paying for? You want to make sure that you are not paying for too much or too little insurance. That is why it is important to talk to a trustworthy agent who knows your business. Don’t get caught in the crossfires when you need help paying for court costs.
  • What does my insurance plan cover?As mentioned earlier, you need to ask your agent what types of incidents your insurance plan covers. Educate yourself about any special rules that your insurance company has. Make sure that your insurance company can take care of all of your business’ needs.
  • What types of discounts are available?Professional Liability Insurance doesn’t have to cost you and arm and a leg. Actually, it is saving you money in the long run by making