Tuesday, August 16, 2016
Do I need California Professional Liability Insurance? What exactly does it cover?
Most California business owners ask their insurance agents for a General Liability quote however, as essential and important as this coverage may be, it does not protect against the errors that may occur during a professional service. General Liability protects against advertising slander, injuries and damage that can occur during a job or by a business, including the medical and defense fees. Professional Liability, on the other hand, protects against claims and lawsuits of inaccurate professional services and/or advice. In other words, General Liability provides cover for damage by a trade business while Professional Liability provides coverage for damage by a business consisting of licensed professionals. If you are accused of negligence in a field you are licensed in, Professional Liability comes to your defense.
As the name suggests, professionals can most optimally benefit from a California Professional Liability quote. Business owners who are licensed or certified to provide a professional service to clients are at risk of getting sued for negligence during a service, which is not covered by standard General Liability coverage. Professionals include doctors, consultants, contractors, attorneys, engineers, photographs, beauticians, trainers, and accountants to name a few. Being a licensed professional is an incredible accomplishment and is worth adequate protection. California business owners’ deserve professional coverage that can only be provided by a Professional Liability / Errors & Omissions policy.