What is Professional Liability?
Even if you’re an expert in your business, mistakes happen. And if your client or customer thinks a mistake in your professional services caused a financial loss, they can sue you. Professional liability insurance, also called errors and omissions insurance or E&O insurance, keeps you and your company protected if you are sued for negligently performing your services. Even if you didn’t do anything wrong, your client can still sue if they believe you made a mistake. A professional liability insurance policy could protect you by covering the cost to defend yourself, as well as any settlement or judgment.
Professional Liability is particularly useful for any business that offers professional services, such as architects, engineers, attorneys, accountants, real estate agents, technology companies, and others. Anyone offering professional services require this type of insurance because general liability insurance policies do not offer protection against claims arising out of rendering, or failing to render, professional services.
How Much Does Professional Liability Insurance Cost?
The cost of professional liability insurance is unique to your business. Here are some of the factors can
impact your premium:
KHT Insurance can help you get the right coverage for your business at the right price.
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