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It is common for humans to make mistakes, and professionals are no exception. While you might have vast experience in your business, chances of making mistakes are inevitable. However, even if unintentional, someone might file a claim against your company for damages caused by your performance or your employee’s actions.
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Even the most experienced professionals make mistakes, exposing them to civil lawsuits and liability concerns.
Our Coverage Options
Top Grade Insurance offers professional liability to protect you, your employees, and your business against financial losses from these claims.
If you fail to provide the expected level of service, your client may sue you for negligence or malpractice. This policy can help cover your business against negligence claims.
This insurance may include coverage for legal fees if a client decides to file a lawsuit against your business. Legal expenses may include court fees, fines, compensation, and litigation for valid claims.
Sometimes, an individual can sue you if they get harmed by inaccurate data they received from you. This policy can help cover the damage costs, saving you from financial losses.
Someone can sue you if you knowingly or unknowingly use the patented ideas or images without their permission to promote your business. This insurance can help cover the legal costs and safeguard your business.
While contractual breaches might not be intentional, they can compel a complainant to sue you for damages if you breach your contract. With this policy it can help cover the claim and protect your business from financial losses.
This policy can help businesses manage valid claims and avoid exorbitant settlements. It ensures claimants receive their rightful compensation, leaving your business finances intact.
Even the most experienced professionals make mistakes, exposing them to civil lawsuits and liability concerns. This coverage can help protect your business against related claims. Contact us today to speak with our agents and receive a free quote.
Frequently Asked Questions
- What types of professionals typically need Professional Liability Insurance?
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This insurance is essential for professionals who provide specialized services or advice, including consultants, healthcare providers, architects, financial advisors, and IT specialists. These professions are at higher risk of claims related to errors, omissions, or malpractice.
- How is Professional Liability Insurance different from General Liability Insurance?
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While General Liability Insurance covers bodily injury and property damage, Professional Liability Insurance specifically addresses claims arising from mistakes or negligence in professional services, such as errors, omissions, and advice that cause financial harm to clients.
- How does Professional Liability Insurance handle frivolous claims?
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This policy can help cover legal expenses, even for claims without merit. This includes defense costs for groundless lawsuits, which can still lead to significant legal expenses for businesses.
- Does Professional Liability Insurance cover independent contractors working with my business?
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Many policies offer options to extend coverage to independent contractors. However, it’s important to verify policy terms, as some contracts may require contractors to carry their own Professional Liability Insurance.
