If your small business offers any type of professional service, client consultations or advice to clients, then you are vulnerable to claims of negligence. Errors, mistakes, miscalculations, or oversights can cause a client to claim your company was negligent in delivering the agreed-upon service.
Experts and specialists who are paid for their professional know-how, such as attorneys, accountants, and consultants, need protection from negligence claims. Value One offers comprehensive Professional Liability insurance designed to protect your business and their key employees whose job is to provide your clients with guidance.
It’s no secret that the cost of professional liability insurance outweighs the alternative of not having the proper coverage. Professional Liability insurance policies will pay any judgment for which the insured is legally liable, up to the policy limit. This coverage also provides for legal defense costs, which can be substantial, even where there has been no wrongdoing.
Today’s world has become more litigious in recent years with law suits being filed with regularity. Despite your best efforts, a client or customer may claim that they have been mistreated by your staff or misguided by the advice your company gave to them. Professional liability insurance from Value One covers you against these types of claims. Learn more about our small business insurance plans and how you can protect your business and employees from negligence litigation.