Professional Liability Insurance


Why Should Consultants Carry Professional Liability Insurance?

As a consultant, your job is to help companies attain excellence. Therefore, you should show that you’re making excellent business decisions in your own business. Any business that offers consultancy services should have professional liability insurance. As a consultant, your enterprise, future career prospects, and personal assets are at risk if you don’t have this coverage. While you’ll have to

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Does My Professional Liability Insurance Cover Contractual Liability?

Working in a professional field, you face litigation risk and liability claims from dissatisfied clients and even competitors. It’s worth noting that litigation risk varies from one profession to another. For example, in the medical field, physicians are most likely to be sued, whereas psychiatrists have the lowest lawsuit risk, with only about 2.6% facing claims. Either way, you should

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Is Professional Liability Insurance Needed by Contractors?

It is a well-known fact that businesses must carry insurance, but many people seem to forget about the independent contractors who offer their services to different businesses or companies. Like business owners, contractors also need professional liability insurance to be well protected if an unpleasant or unforeseen situation arises. What Is Contractors Professional Liability Insurance (CPL Insurance)? This policy offers

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5 Insurance Policies That Can Protect Your Construction Business

Having insurance helps you secure your business while protecting everyone on your job site. Choosing the right policy for your construction business can be difficult if you are doing it for the first time. However, selecting the right coverage from the right insurance company is a crucial task and must not be taken lightly. It is important to understand the

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Everything You Need to Know About Professional Liability Insurance

In a professional environment, liability can arise due to several reasons. A doctor’s misdiagnosis, a lawyer’s malpractice, or an engineer’s frugal quality of construction can be a reason to be accused of a liability. As a professional, you can incur a professional liability due to the errors and omissions you made. Professional liability insurance helps professionals bear the full repercussions of

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