In the evolving world of professional liability, the legal system continues to broaden the reach of what is considered to be professional liability. At one time professional liability applied to doctors, accountants, engineers and lawyers only, however today many industries have exposure for professional liability. The standard general liability insurance policy will not cover professional liability and so if you have this exposure you will need a professional liability insurance policy to protect you and your organization.
Professional liability suits arise when one party alleges that you were negligent in providing (or not providing) some service or advice and as a result there was some sort of injury or damage.
A professional liability policy provides the following protection:
One highly overlooked aspect of the professional liability insurance policy is item number three listed above. Having the right lawyer to protect you from a lawsuit is most of the battle and professional liability insurance companies have had years of experience working with and defending against the best attorneys in the field, so they know who can best defend you and will help put you in touch with one of these professionals.
Don’t push your concerns about professional liability to the back burner. Take action today while it is on your mind. Call us at (717) 367-5126 or Request a Quote today!