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Professional and Liability Insurance

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Welcome to our professional insurance information site! In this free guide, we’ll explain many different types of insurance so you can decide what kinds you need and what levels of coverage you should get.

There are a few different shades on the professional and liability insurance rainbow. First we’ll explain professional coverage. This type of insurance protects you as a paid worker against claims made by customers or other people regarding your professional services. If you own your business, you should really consider getting this insurance. Sometimes, people who are interested in letting you be their lawyer, doctor, accountant, plumber, cook or anything else, will first check to see that you have work-related insurance in place before they decide to hire you.

Besides a professional policy, you might consider getting broad liability coverage, which is basically insurance that covers you against claims people make regarding any possible act or inaction on your part that causes harm or damage to someone or some property. If you own or rent office space for your business, you should look into this kind of coverage. Have you ever considered what might happen if a client or patron suffered some sort of injury while on your business property? Not only could they sue you and take money from you, but your business could lose more money because of the time you’d have to take off to settle the lawsuit and because of the loss of prestige your company might suffer in the community.

Here are some questions to ask yourself when determining the appropriate level of coverage for you as a professional:

How likely is it that someone could be hurt or injured in any way while doing business with you or while on your business property?
What would the legal costs be if you ever had to go to court because of a claim?
How much money could you lose without insurance?
How much money could you save by having work insurance?

Of course, the more carefully you work at your job, the less you’ll have to worry about the possibilities of getting sued. Even so, take some time to read through our free website and learn about the different kinds of liability and professional coverage options that you could have.