Professional liability insurance can be an excellent resource for a wide variety of businesses, but some of the facts about it remain largely unknown. Often mistaken for a general liability policy, professional liability guards business owners against some of the lesser publicized threats to professionals. Our FAQ section and insurance learning center addresses the questions most commonly asked about this important type of coverage. If you are a business owner currently in the process of shielding your company against potential dangers, you may wonder if this coverage type is appropriate for you, and if so, how you should go about obtaining it from a reliable source at a desirable price.
Price is the subject of many popular questions regarding professional liability insurance. Company proprietors are well versed in weighing all expenditures against the possible associated gains to make certain, to the extent that doing so is possible, that they do not waste valuable resources on noneffective projects. Every investment an owner makes is important; all major investments should lead to visible, substantial improvements in or for the company’s proceedings. This view of investments and returns is one of the most critical aspects of a successful business owner’s mindset. It is only natural that owners will bring with them foresight, attention to detail, and a great spate of questions specific to their business type when it comes to investigating professional liability coverage.
In our FAQ section, you will find detailed answers to questions on such topics as saving on premiums, dealing with specific claim issues, and finding the best broker for you. While these questions and answers can certainly prove helpful as you conduct your own personal research, you may have additional concerns not addressed here. For niche matters not covered in our FAQ section, consider seeking the council of a licensed professional liability insurance agent.
Frequently Asked Questions
Some people who are purchasing liability insurance for the first time may be wondering, will paying my premiums up front give me a discount? Actually, there is good news. Most
There are many different names for professional liability insurance. In the medical and legal fields it’s known as malpractice insurance. In other professions it can be called errors and omissions
Even for astute owners well studied when it comes to the various means of protection available for their business, the matter of insurance can be a confusing one. Some go
Buying professional liability coverage for your business is a big deal. You need to make sure that you are covered and will not experience serious loss if an accident occurs.
If you are in business, you most likely are interested in getting professional liability insurance. Some people may try to avoid getting insurance since they think they will not need
Before you make a decision on any kind of insurance, it is important to speak with a professional that will help you make the right decision. Not everyone has the
Buying professional liability insurance is important for any professional who will be offering a professional service or professional advice. A professional service or professional advice simply means that you claim
Being a professional in any field can be quite stressful. You are held to a certain standard of care. If someone thinks you have been negligent or have not held
When you’re asking, do all businesses need professional liability coverage, you may not be thinking about the small home-based businesses, or the vendor on the street, or even the entrepreneur