Professional Liability Insurance
If someone feels wronged and they want to sue, they will find fault in anyone they can. Blame is first on their mind and second, revenge. As a professional offering advice to customers or clients, you are at risk. If a plan, program, method or prescription doesn’t go as expected, because you offered your expert opinion or advice, they can sue you for negligence. Professional Liability Insurance, also known as Malpractice Insurance, protects you from consequences that arise from that advice. Doctors, accountants, and lawyers are the most common professions that require this type of insurance.
If you think you are at risk for offering professional advice or opinions to clients or customers, protect yourself and your business by inquiring about this insurance. A small premium can protect against large claims.