You may feel dubious about the necessity of purchasing professional liability insurance in Indiana. Like the majority of company leaders, you run your business in a responsible manner, meticulous about the advice you dispense and services you perform for your clients.
So, why would you need coverage that protects your organization against allegations that employees provided damaging advice or failed to perform services stated in a contract?
Business Is Complex
The answer to this question goes something along the lines of the following: it is not you, it is them. Yes, when it comes to complex industries such as marketing, legal and technology, the old dating adage gets reversed to place the onus on the client.
Consumers often do not fully understand the implications or even the meaning of practices, relationships, and dealings in certain fields. This is one reason why they come to you in the first place, right? Well, unfortunately, it can also become the root of confusion on their end, leading them to misunderstand potential outcomes.
When this scenario occurs and clients sue your company, professional liability insurance in Indiana can cover mounting legal fees that may otherwise leave your organization financially crippled or even destitute. This is why purchasing a premium is a savvy business decision and a prudent move.