If you are an accountant, a lawyer, an architect or a consultant, your clients rely on you to handle tough, important work. When you are in the business of offering expert advice to clients, you are entrusted to provide an important service. You also are exposed to claims of negligence and the risk of protecting sensitive customer information.
As a professional service firm, you should consider several types of insurance. First, if you have employees, and to comply with state laws, you need workers’ comp insurance. You need protection for your space (whether leased or owned) and your property. General liability covers your legal costs should an injured customer sue your practice, and an umbrella policy will protect you from exceeding the limit of your coverage. Professional liability (with various types of malpractice coverage) can reimburse you for legal costs should a customer sue you for mistakes in the service you provided.
Need more information? Speak with one of our insurance experts to find the right coverage for your business.