Every Business Owner Should Investigate Professional Liability Insurance

By: Edward L. Blais, JD, CIC

You may think that Professional Liability Insurance, also known as Errors and Omissions Insurance, is only for doctors and lawyers, but it is important to understand that this coverage is now available to many other businesses.

Your commercial general liability insurance is important to have, but does not cover for errors involving you rendering your expertise. Professional Liability Insurance protects you from client or customer claims involving this special kind of error. These claims can get costly and time-consuming regardless if a long litigation process leads to a settlement or not – and don’t forget the attorney fees.

You should consider looking into whether or not Professional Liability Insurance is available for your small business. It could save your business if it cannot afford the cost of the claim. Some businesses without this protection try to pass their financial burden down to future customers to make up the loss, but many businesses eventually close their doors.

 To keep from losing everything you’ve worked for, Blais Insurance suggests you investigate the availability of Professional Liability Insurance for your type of business. Every Professional Liability Insurance policy will differ according to your industry, location or type of product or service you provide.

Call us today to learn more about this important coverage for your business at 401-725-0070.