Atlanta Insurance Agency Professional Liability Solutions
Professional liability insurance is a very important policy for any business owner to consider. Anyone that operates a business where they are providing professional services to their clients, or are giving their professional advice and opinions should have this vital coverage in place. If a client follows your suggestions or advice, and something goes wrong, you could be held liable. If they experience a financial loss they will probably seek retribution in a court of law.
An Atlanta Insurance Agency that specializes in professional liability coverage can help you by providing you with this insurance, often referred to as “errors and omissions insurance“, or E&O insurance. The list of professionals that need, or could certainly benefit by having this product in their insurance portfolio includes:
- Engineers, and
This is just the tip of the iceberg. Those working in the financial sector also are at risk without a policy of this type in place, and includes (but is not limited to):
- Accountants, bookkeepers, and CPA’s
- Tax preparers/professionals
- Financial planners and advisers
- Insurance and real estate agents
- Business consultants
- Technology consultants
- Marketing and managements consultants
There are many benefits to having professional liability insurance, including personal injury coverage, coverage for defense costs, and even full severability (for partners deemed innocent of any wrongdoing).
You may also find yourself entering in a contract where your client is requiring you to have professional coverage, so you’ll want to make sure that you have coverage that is correct for the type of work you’re doing or services you’re providing. Some companies even offer special packages tailored just for these types of businesses.
This coverage focuses on any alleged failure to perform a service sold by the policyholder. It can also protect against financial loss caused by your product or service, or even, as it states, an error or omission.
As you can see there are many different types of businesses that should consider professional insurance as something they simply cannot afford to be without. The cost of doing business without this product, as any Atlanta Insurance Agency partner will tell you, is simply too big a risk to take.