Professional Liability
About Professional Liability
Having a Professional Liability Insurance policy is vital for businesses who engage in service-providing and advice-giving. Although not all businesses require a professional liability policy, if you think your business could be at risk for being accused of negligence, malpractice, or any other form of error or mistake you might want to consider obtaining a professional liability policy. If you have questions about your business needing a Professional Liability policy, our knowledgeable agent here at the Archer Insurance Agency can help answer your insurance-related questions.
- How does Professional Liability Protect me?
A professional liability policy covers attorney fees, settlement costs, and court fees that are result of a lawsuit which your business has suffered due to claims regarding negligence in one’s professional services, even if the claims are found to be unwarranted. A professional liability policy does not include coverage for cyber liability or employment practices.
- What are different types of Professional Liability Policies?
There are many types of professional liability policies, and each business requires a careful examination to see which best suits its needs. Some of the most popular professional liability policies are Errors & Omissions, Medical Malpractice, and Directors & Officers insurance.
- Do I need a Professional Liability policy?
Unlike General liability, not every business requires a professional liability policy. Professional liability policies are most important to the businesses that give advice and recommendations, such as doctors, lawyers, and designers. At the Archer Insurance Agency, we’ll help you understand what coverages you need, and we will create a custom-made insurance plan for you and your business.