Insurance Insights: Guarding Against Mistakes
Pharmacists, funeral directors, engineers, beauty salon owners, architects, and other professionals are expected to perform services for their clients in accordance with the standards of conduct of their professions. If those receiving these services perceive that the professionals delivering them have failed to utilize the degree of skill expected of them, the professional service providers can be held responsible in a court of law for the harm they may have caused to their clients and/or their businesses. To cover themselves against such claims, professionals must purchase “professional liability insurance,” which provides protection against any actual or alleged mistakes made. This coverage, also known as “errors and omissions” insurance, provides legal defense when a covered claim is reported.
Owning a small business is a great accomplishment. It takes great amount of work to get it started and keep it functional and profitable. However, all it takes is one accident or mistake that results in a lawsuit and everything can be lost. Whether it’s personal or business, we create insurance programs for the individual customer. To learn more about professional liability insurance, please call our office.
Quick Tip: Medical professional liability insurance is also known as “malpractice” insurance.