When you own a computer consulting business, people rely on your professional advice to fix problems with their expensive electronic devices. Even if you are extremely confident in your ability to do everything correctly, you may unexpectedly find yourself on the wrong end of a negligence lawsuit. That is why it is important to make sure you have sufficient insurance coverage to protect your business and avoid potential bankruptcy from legal costs. Here are some pointers for choosing the right professional liability insurance computer consultant coverage for your needs.
Find Out What Your General Liability Insurance Covers
If you are not completely convinced that you need professional liability insurance computer consultant coverage, you should take a look at your current general liability insurance policy and make sure you are familiar with it. If your policy is like most others, then it probably covers injury to other people and property, but it may not cover a wide variety of other claims that can be potentially brought against you, including:
- Loss of data
- Improper fact verification
- Breach of nondisclosure
- Many others
If you want to give your business the best chance of succeeding, you should talk to your insurance agent about getting a quality professional liability insurance policy. Not only will you have greater peace of mind, but you will also be more willing to help customers with their many problems if you know that you are financially protected with proper insurance coverage.