As a professional business person your job is to conduct business within the highest moral manner possible. Although this may be valid, the company can still be subject to a costly professional liability lawsuit. Companies can have claims filed against them as a result of advice that didn’t pan out, inadequate professional services in the eyes of the client, damages inquired by conducting routine jobs, and aleatory negligence. One of the best ways to protect your business against such claims is by investing in Professional Liability Insurance. Professional Liability Insurance also known as Errors & Omissions Insurance will protect the smaller business entities with roughly an aggregate of 5M+. Utilizing this money to help pay for defense costs and judgements that can and will restrain your business from flourishing. Under the correct conditions this policy will cover economic loss for third parties. Wondering if a Professional Liability policy is right for your business?
The main businesses that are protected underneath this policy are:
- Architects & Engineers
- Employment Practices
- Financial Companies
- Travel Agents
Quite often policies like this are placed additionally to the renewed General Liability Insurance and or Business Owners Policies. Purchasing Professional Liability Insurance assures that your company has the best policies in place and is moving in the correct direction to finally having 360-degree coverage.
Manifesting a policy like this can protect when entering into a contact or against work done by temporary staff. The disparity instituted by Nickel & Saph, Inc. endows our clients with tolerable premiums and flexible payment options. Now knowing that your business boundaries are limitless and can be covered to the extent of worldwide production!
Not every industry covered by our Professional Liability policy is listed above; several other businesses are functioning unknowingly in ways that may leave them vulnerable. If you have any questions about what Nickel & Saph, Inc. Professional Liability coverage can do for your business, come on in or contact us today.