~Professional Liability Insurance~

Professional liability insurance protects you financially in the case of a claim against you for negligence, errors, omissions, or wrongful acts in the performance of your duties. It is the service equivalent of product liability and includes coverage for malpractice, errors, and omissions. Some states and professions require it by law. Even if you are not mandated to have it, it is wise to if the service you provide could inadvertently harm another person. The professions for which it is recommended or required include, but are not limited to, computer technicians, systems analysts, accountants, hairdressers, lawyers, and consultants.

When you are shopping for professional liability insurance, be sure to ask about deductibles and about coverage that is reduced by the cost of legal fees. Some policies are now being written with exclusions and limits on coverage of legal fees and court costs.

Subscribe to homebusinessfiles
Enter your e-mail address:
An e-group hosted by FindMail's eGroups.com
This site designed and maintained by
K. Williams Resources
Copyright © 1998
All Rights Reserved