Here are reasons why having Professional Liability Insurance will make you protected from having financial losses caused by lawsuits filed by your clients against you.
When you work in the field of medicine or health care, one of the most important things is your reputation, which can easily be damaged when once people know that you are defending a case of medical negligence. Having Professional Liability Insurance is a sure way to protect your personal interests from risks.
Your finances will not be at risk
The amount of money that you will have to spend to defend yourself in court, whether you are absolved or not, will certainly be huge. Chances are your savings will be wiped out. Plus, you will have unwanted debts. However, if you have Professional Liability Insurance, you can have your court expenses covered, with limits of up to $4,000,000.
Your time will not be compromised
Legal proceedings can take months or even years to be settled. You will have to attend court hearings. This means lesser time at work – lesser time of being productive and making money. Fortunately, your Professional Liability Insurance will pay for your lost wages for the days that you are absent from work because of court trials.
You will be Protected Against 3rd Party Injuries and Property Damages
Whether people come to your business establishment or you work at your client’s place and you injure someone by accident or you cause damages to property, you will have to face legal action by your clients. However, you can be protected against your customer or other 3rd party’s legal claims with Professional Liability Insurance. This is by covering legal defense costs, regardless of whether you are found guilty or not.
Why You Should Get Yourself Professional Liability Insurance
Mistakes inevitably happen. That’s a fact. However, provided that the errors that you commit at work are not intentional or sinful in nature, Professional Liability Insurance has you protected. It does not only help protect you but also prepare you if there is a legal claim against you.
At Commercial Insurance Pros, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. To learn more about how we can help you, please contact our agency at (949) 453-7400 or Click Here to request a free quote.