If you want your company to be able to rebound after bearing the costs of litigation, it is imperative for you to choose insurance coverage that offers adequate protection for a wide variety of situations. Many business professionals mistakenly think that their general liability insurance policy is the only protection that they need, but there is no single type of insurance that automatically covers all of your risks.
Consultant insurance is designed to fill in the gaps that general liability insurance does not cover. Here is one question you should ask yourself if you are currently wondering if you need consultant insurance (also called professional liability insurance).
Do You Provide Any Type of Professional Assistance to Others?
If you offer advice or services to any other individual, then you need to make sure you have professional liability insurance coverage. Even if you are highly skilled and confident in your ability to do your job correctly, you cannot foresee whether or not one of your clients or patients will file a suit against you based on real or perceived negligence. If you are not prepared to deal with hefty legal costs, you may not be able to save your business from financial ruin.
Consultant insurance offers peace of mind and valuable financial protection for professionals in a wide variety of industries. Make sure your business is well-protected by talking to your insurance agent about professional liability insurance coverage today.