Don’t Skip Professional Liability Coverage
If you own a business, you might feel overwhelmed by the amount of insurance coverage that you need. Byrnes Agency understands that but explains that one of the most important coverages is a professional liability. When shopping for professional liability insurance in CT, it’s crucial that you know what it is and why you need it.
What Is Professional Liability Insurance?
If your business needs insurance coverage to protect against financial losses, then it needs professional liability insurance. These policies cover any lawsuits or damages that are caused by errors or omissions that the company makes.
Who Needs Professional Liability Insurance?
everyone in every industry can make mistakes. No matter the risk management practices that a business has in place. Errors occur and accidents happen. It’s better for a business to play it safe and have insurance than to rely on the idea that they won’t make a mistake. If a company does happen to make a mistake, then it could cost them a lot of money. When a business makes an error, that business is liable for the costs.
No matter the industry, most businesses need professional liability insurance. Without it, your business could be liable for a mistake. Everyone makes mistakes; it helps to have the coverages necessary when it does happen.