But what if you’re in the business of providing expert services and advice to clients?
Professionals like lawyers, accountants, investment advisors, and real estate agents offer clients their professional and informed opinion on on a variety of matters. But even in the most well-meaning instances, if something doesn’t go as expected a client can still accuse you or your firm of misrepresentation or negligence.
If that happens, your business can rely on professional liability insurance for cover. Professional liability helps you with the costs accrued from client claims, and the policy will cover legal costs and damages—whether or not your business is actually at fault. This means you are ensuring yourself and your business are safe in the event of real—or perceived—mistakes.