Providing a service to the public opens you up to professional liability. If you face a lawsuit from a disgruntled client for a mistake or negligence, your business could be crippled from the costs of the defense and any damages that are awarded. When you consider the time it takes away from your business and the loss of reputation in your community, why would anyone take the risk of not having insurance?
In today’s litigious society, you can’t take a chance with your business. No matter what field you are in, if you provide a service or advice to people, you have to assume that you could be sued. Liability insurance for your profession is your protection against potential damages.
Your insurance company has resources that you can use to implement best practices into your risk management plan. Use their cutting edge solutions to minimize your exposure to damages and claims. Make sure you tell your insurance agent everything about your business, so that they can identify your insurance needs. It is important to be honest with your insurance to get the right coverage.
Find an insurance company that specializes in professional liability insurance. Put together a portfolio of protection for your unique business and the risks you face. Your clients appreciate your services, but you cannot rely on their good will if a mistake is made that costs them money or causes them distress.