Professional Liability Insurance has different names depending on the industry. It usually affects those in the medical and legal field. If you are a medical professional, you already probably heard it as malpractice insurance. In real state, it goes by the name Errors and Omissions Insurance. Other professionals like accountants, professors, and co-workers may be part of the long list as well.
- Real Estate Professionals – in real estate, details are imperative, and any omission, alteration, or errors in documentation or information may be used against the company. Real estate involves a significant amount of money, and the clients will not let any mistakes pass. Professional liability insurance will help the company with its losses that may occur from negligence in the performance of service.
- Technology Professionals – the entire world is basically running with the help of technology, and if it fails, it may have a massive impact on the company’s daily operation. If you manufacture electronics and hardware, professional liability insurance will help you with claims against defective gadgets and other products you make.
- Legal Professionals – the law is stringent, and any errors or mistakes in the professional service may cause a huge impact on the lives of the people involved. If a lawyer loses because it fails to acknowledge crucial information and facts from its client, the outcome is definitely not a pleasant sight to see. Perhaps, a lawyer neglects to discuss essential clauses to its clients. The scenario may lead to a lawsuit over the lawsuit.
Nobody is perfect, and we may all commit mistakes once in our lives. It is unavoidable, but if your profession is too critical and there is no room for mistakes, we need to take extra precaution. At Commercial Insurance Pros, our mission is to ensure that we protect are clients and offer them policies that they can afford. Learn more about our products and services by calling our agency at (949) 453-7400. You can also request for a free quote by CLICKING HERE.