Professional Liability Insurance

How to Get Professional Liability Insurance in Kendallville, IN

If your business offers professional advice or services to clients and customers, you must be prepared for the possibility of something going wrong. Even the most meticulous processes conducted by extensively experienced employees may not be enough to prevent all accidents, errors or mishaps, and without the proper loss control measures in place, resulting repercussions could be devastating. Fortunately, professional liability insurance can help limit the consequences of these situations.

What is Professional Liability Insurance?

Also known as errors and omissions insurance, this type of policy focuses on financially protecting your business from losses and expenses should clients sue you for allegedly subpar performance.

Professional liability insurance may also be known by other names depending on the industry in which you operate.

For example, it’s typically called medical malpractice insurance in the health care sector.

Regardless of label, this type of coverage is integral to many businesses’ risk management and loss control efforts.

What Does My Policy Cover?

If clients are unsatisfied with your business’s services, they may file a lawsuit in an attempt to recoup their financial losses.

Fortunately, this type of insurance can help pay for your business’s legal expenses, including attorney fees, court costs, settlements and judgments, in response to many common accusations, such as the following:

• Inaccurate professional advice

• Professional errors

• Negligence

• Misrepresentation

• Omissions

• Oversights

• Breach of contract

• Failure to meet deadlines

Why Do I Need This Coverage?

Regardless of how much you strive to deliver consistent and reliable services, shortcomings may occur due to circumstances beyond your control and, therefore, inevitable. Professional liability coverage can help insulate you from out-of-pocket costs that might otherwise devastate your financial situation.

Additionally, if you’re falsely accused of wrongdoing, the aid offered by your policy can be crucial in providing the resources needed to set the record straight and restore your reputation.

We’re Here to Help

Contact SIA, LLC today to learn more about professional liability insurance or to get a free quote.