Who Should Carry Professional Liability Insurance?
Any professional that runs their own business should carry professional liability insurance. A few industries that can benefit from this type of insurance coverage include:
Accountants and tax professionals
work with clients' financial information. Whether it's filing taxes or putting together financial statements, making a mistake can cause your client to sue your business.
work with clients to help boost sales or increase their visibility. If a campaign causes them financial losses, it could lead to a lawsuit. For example, if your advertising firm's campaign results in a sales drop, your client can sue your business.
work with customers to help them achieve business goals. Sometimes a consulting agency's recommendation may not work out for the customer. It's important for consultants to have professional liability insurance because they provide advice and services to clients.
From logos and flyers to creating websites, graphic designers
help bring clients' ideas to life. However, they can sue if they believe a graphic designer's work caused them to lose money.
oversee the work to bring a client's vision for their home to life. But mistakes, like missing deadlines or delays, can result in lawsuits.
Market Research Firms
Market research firms
collect valuable information for their clients. If a recommendation or analysis is wrong, clients can sue the market research firm for damages.
Real Estate Professionals
Clients trust that their real estate agent or broker
has their best interests in mind. If they decide they don't, they can sue an agency for mistakes in the professional services and advice given to them, especially if it costs them money.
Businesses rely on many types of tecnología
to stay running. If the technology fails and negatively impacts finances, these business owners can sue the technology company that provided the equipment or software.
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Whether you have questions about professional liability insurance or want to know what's considered a covered claim, we’re an insurance company you can count on.