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Professional Liability Insurance 101

Jul 21, 2014

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Professional Liability Insurance 101 Professional Liability Insurance 101
If you are an individual or business owner who has ever encountered a negligence-related lawsuit, you are probably aware of the financially devastating effects it can have on a person. Professional liability insurance exists to protect you from exactly that! It is usually referred to as errors and omissions, or professional indemnity insurance. It protects people who administer services, advice, or products from having to pay for legal repercussions resulting from a negligence claim. Negligence refers to any act in which the failure to do something cause some sort of negative effect to another. Your general liability policy will only cover specific injuries that relate more to bodily injury or death. Therefore, and additional liability policy is often necessary for business owners. If you take steps toward purchasing a professional liability insurance policy, you can protect yourself against the costs associated with legal defense. In fact, some practices, such as legal and medical, are required by law to have this form of insurance coverage. Many businesses can benefit from this coverage, including accounting, finance, construction and maintenance, transport, and more! If you have any questions about professional liability insurance, please contact Cook, Disharoon & Greathouse, Inc.! We have been providing our clients with a full line of customized insurance products for over 60 years! Located in Oakland, we work with some of the best insurance carriers in the country to find you the best policy at a great price. Our experienced, and friendly insurance agents canâ't wait to get to work, and find you exactly what you need. Choose the insurance agency with the most experience, and contact Cook Disharoon & Greathouse, Inc., today to request a quote!
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